Honda purchase 45 percent stake in BAR

Honda now own 45% of BAR, Dave Richards is out and Nick Fry takes over as Chief Executive of the formula-1 team. Dave Richards is reported to have said,

"We were brought in by British American Tobacco to turn the team around and
secure its long- term future and that is what we have done. I am immensely proud
of what Prodrive has achieved in a shorter time than anticipated. I believe that
BAR Honda is now in a very healthy position to continue its pursuit of the World
Championship. Obviously I and all at Prodrive will take a strong interest in the
fortunes of the team in the future."

Other staff changes are due too, for the full story click the entry title.