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Full Version: Super Aguri Honda Takeover Deal Complete
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tune
QUOTE
As reported earlier today, Super Aguri Honda has secured its immediate future and reached an agreement with the Magma Group. The team has now confirmed that both Anthony Davidson and Takuma Sato will remain with the team this year.

The following is a press release from the team.

Super Aguri F1 Team is pleased to announce that in the light of recent media speculation, we have reached agreement with Magma Group regarding the acquisition of the Super Aguri F1 Team.

Magma has also reached agreement with Honda Motor Co., Ltd regarding technical cooperation and engine supply to Super Aguri F1 Team. It is expected that the acquisition process will be completed over the next few weeks. We will not be making any further comment or announcement until that time.

We are looking forward to a positive future for the team in conjunction with Honda Motor Company and Magma.

Additionally, Super Aguri F1 team is delighted to confirm Takuma Sato and Anthony Davidson as racing team mates once again and for the 2008 Formula One season.
Uwe
The deal has just blown-up: Autosport.com

(and my prediction remains in place)
Phix
It's a shame. I just hope that whoever takes over from Super Aguri will actually be able to ensure some sort of stability.
Uwe
Rumour: A german car supplier as investor for Super Aguri

TBH, I think it is unlikely and it is yet another rumour.
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