McLaren have denied speculation that Honda is keen to buy a stake

"All of Honda's focus is on the development of its new Formula 1 power unit," team say

By Mike Wise.   Last Updated: 30/05/14 9:30am

  • Share:
Honda: Reports suggested it wants to buy McLaren stake

Honda: Reports suggested it wants to buy McLaren stake

McLaren have denied speculation suggesting that Honda, which is supplying engines to the team starting next season, is also keen on buying a stake in the outfit.

The reports claimed that the Japanese manufacturer, which also supplied engines to McLaren between 1988 and 1992, would acquire shares currently held by Bahrain's Mumtalakat Holding Company.

A statement issued by McLaren on Thursday, however, said they are wide of the mark. "Contrary to recent media reports, Honda has informed us that it has no intention to buy into McLaren," a spokesman said. "All of Honda's focus is on the development of its new Formula 1 power unit."

The renewal of McLaren's links with Honda brings to an end their long-standing partnership with Mercedes, which yielded three drivers' titles with Mika Hakkinen (1998 and 1999) and Lewis Hamilton (2008) as well as the 1998 constructors' title.

That relationship deepened, though, with parent company Daimler acquiring a 40 per cent stake in McLaren in 2000, although they sold up after Mercedes took over the Brawn GP team - itself formerly owned by Honda - at the end of 2009.

Together, McLaren and Honda won a total of four constructors' titles, with Ayrton Senna (1988, 1990 and 1991) and Alain Prost (1989) winning drivers' championships.

  • Share:

Related

F1 Transfer Gossip

Dennis: Alonso has 3-year deal

Fernando Alonso has signed a binding three-year contract with McLaren, team boss Ron Dennis has revealed.

Lewis Hamilton and Bernie Ecclestone

Bernie: Lewis will stay at Merc

Bernie Ecclestone expects Lewis Hamilton to sign a new Mercedes contract as the world champion is "happy where he is".

Contract used as Kimi motivator

Maurizio Arrivabene says he won’t rush renewing Kimi Raikkonen’s Ferrari contract to keep the Finn motivated.

Most Popular

Features

Testing talking points

Testing talking points

Just how far ahead are Mercedes and what sort of uphill tasks are ahead for Renault and Honda?

Team-by-team review

Team-by-team review

Analysing who looks on form, and who appears to be struggling, after the second test of pre-season.

Barca talking points

Barca talking points

Why Mercedes were fooling no one in the first week at Barcelona and Ferrari look to have staying power.