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Filed under: Motorsports , Auction Action , Japan Click above for a gallery illustrating what's on the block from Super Aguri. In the fast-paced world of Formula One, teams come and go. Only most of the time, they're just changing names and management (in fact, Ferrari and Williams are the only teams still on the grid that were founded under the same name and same ownership as they remain today). So Jordan Grand Prix, for a most vivid example, became Midland F1 Racing in 2006, then Spyker in 2007 before its metamorphosis into Force India for 2008. Super Aguri was another story. Founded by former racing driver Aguri Suzuki, the team was the first in years to actually put up the bond necessary to start a completely new entry. Unfortunately, the uniquely Japanese-named team never had the money it needed to succeed, and after a little over two years, the team folded . But not before millions upon millions were spent on cars, equipment and everything else. So what happened to all that...
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Filed under: Motorsports , Japan , Honda , Earnings/Financials 12/06/07: Luca Felipe of Italy test drives the Super Aguri car during Formula One Testing at the Circuito de Jerez in Jerez de la Frontera, Spain It's no secret around the F1 paddock that Super Aguri is in big financial trouble. The team, founded by former Japanese F1 driver Aguri Suzuki, made its debut at the start of the 2006 season after buying its place on the grid - unlike most new teams that were formed out of previous entries. Aguri runs on a shoe-string budget, fielding old cars and relying heavily on Honda's patronage to pay the enormous bills of operating a Formula One team. Emerging reports now suggest that Honda has decided to continue supporting the team for another season. Because Honda is believed to supply a big chunk of Aguri's budget (as well as its engines and chassis) - effectively making it Honda's "B-squad" - the Japanese auto giant has the power to decide Super Aguri's fate...
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