Nick Fry has told the BBC that the Honda F1 team has been saved.
Fry said: “All the teams and their support have helped us preserve our team. So I, Ross [Brawn] and our 700 employees thank them.”
The team is expected to field Jenson Button and Rubens Barrichello in its two cars, which they will shake down at Silverstone tomorrow. The outfit is tipped to be re-named ‘Brawn Racing’.