UPDATE 1-Motor racing-Honda to stay with BAR long-term

Newswire

(Adds quotes, details) By Alan Baldwin HOCKENHEIM, Germany, July 23 (Reuters) - Honda and the BAR Formula One team on Friday announced an extension of their partnership until at least the end of 2007 and probably considerably longer. Shoichi Tanaka, president of Honda Racing Development, told a news conference at the German Grand Prix that the Japanese carmaker was committed long-term to BAR and to winning the championship. Team boss David Richards added that the deal covering engine ...

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