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Filed under: Motorsports Super Aguri announced today that it would immediately be ending its participation in Formula 1 after funding for the team has all but dried up. The news comes not long after Super Aguri was denied access to the Turkish Grand Prix paddock area due to its mounting financial issues. Honda has been Super Aguri's main source of funding, but is apparently tired of diverting money from its own F1 team despite pronouncing as recently as last December that it would fund the Honda "B-squad" through the 2008 season. The Japanese automaker also wasn't keen on an 11th hour buyout offer for Super Aguri from German automotive firm Weigl. The team hasn't been on sound financial footing for some time, and the breakdown of negotiations with the Dubai-based Magma Group in April certainly didn't help matters. This leaves Anthony Davidson and Takuma Sato without cars to drive for the rest of the season and narrows down the starting grid for the Turkish Grand...
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Filed under: Motorsports , Hirings/Firings With the majority of F1 teams gearing up to unveil their new cars, all but two have confirmed their drivers for the upcoming season. The only seats still up for grabs are with Force India and Super Aguri, and while the former was expected to confirm its drivers before the end of the year, that date has now been pushed off until January 11. Adrian Sutil is all but completely confirmed to take one of the seats at the team formerly known as Spyker and before that as Jordan since its founding in 1991. But a number of drivers remain hopeful to take the second seat, including Renault refugee Giancarlo Fisichella, former Toro Rosso driver Vitantonio Liuzzi, former Jaguar/Red Bull/Honda pilot Christian Klien and Roldán Rodríguez, currently slated as Force India's test driver. Veteran racer Ralf Schumacher, as we previously reported, tested for the seat, but previous reports that the German driver would have to sit out the 2008 season...
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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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