Super Aguri

Super Aguri must sort out their deal with investors before the start of first practice for the Spanish Grand Prix if Honda are to allow the team to compete this weekend, autosport.com has learned.
Discussions between Super Aguri and investors are continuing as they bid to put together a deal to secure their future after the […]

Honda Racing CEO Nick Fry has dropped the firmest hint that the Japanese manufacturer is not ready to continue supporting the Super Aguri team.
Super Aguri`s future was still hanging in the balance at the Spanish Grand Prix on Thursday with the team still seeking a saviour after the collapse of a takeover deal.
Backers Honda said […]

Super Aguri Honda has today released another statement with regard to the future of the Formula One team. As widely reported, the team had hoped to conclude a deal with the Magma Group, but the deal did not go ahead as planned. Last Wednesday the team confirmed that `its investors no longer wish to fund […]

Super Aguri look set to participate as normal in this weekend’s Spanish Grand Prix as discussions continue concerning the team’s future. In a statement released Thursday, the Japanese squad said they are unable to comment on the current state of negotiations, but expressed thanks for all the support they have received.
After a winter of financial […]

As speculation over its future continues, Super Aguri has, this morning, issued the following statement:
"Further to the statement issued by Super Aguri F1 Team on Wednesday 16th April 2008 we advise that discussions regarding investment are on going, however, due to legal conditions, we are unable to expand on, allude to or provide further details […]

The Super Aguri Formula One team say talks to secure their future are ongoing, although the Japanese squad did not confirm if they will race at this weekend`s Spanish Grand Prix.
The Japanese squad are still hoping to secure a last-minute agreement after a rescue deal with Magma Group collapsed last week, leaving Super Aguri`s future […]

p class=”first”>Super Aguri remain unsure if they will race in this weekend`s Spanish Grand Prix, despite sending the full team to Barcelona, BBC Sport understands.
Team principal Aguri Suzuki will meet his staff in Spain on Thursday but it is understood a definitive decision on whether to race has not yet been made.
The future of the […]

Formula One strugglers Super Aguri look likely to stave off collapse - in the short term at least - after confirming their cars were on the way to Spain for this weekend`s race.
The survival of the Japanese team remains in the balance after the breakdown of a planned rescue deal but Super Aguri`s co-owner believes […]

The entire Formula One paddock was anticipating a thrilling Spanish Grand Prix as they arrived in Barcelona ahead of last year’s race. Not only had the majority of teams just wrapped up an intensive test at the Circuit de Catalunya, but the track had recently received a facelift designed to ease overtaking and spice up […]

Following the news that Super Aguri sent one of its transporters off to Barcelona last Friday, it has been confirmed that the entire team is now en route to Spain for this weekend`s Spanish Grand Prix.
Following last week`s news that a Dubai-backed deal with the Magma Group, which would have seen the Leafield based team`s […]

The entire Super Aguri team, including all the transporters and the race cars, has been dispatched to the Barcelona circuit, it has emerged.Despite continuing uncertainty about the financial survival of the Japanese outfit, including the question of whether the team will even race this weekend, frantic activity is still going on behind the scenes - […]

Super Aguri`s financial crisis remains dire, but two positive signs emerged from the Leafield camp on Saturday.Firstly, it has emerged that one of the Japanese team`s transporters has been dispatched to the Circuit de Catalunya, scene of next Sunday`s Spanish Grand Prix, despite uncertainty about whether Takuma Sato and Anthony Davidson will be able to […]

Although one of its transporters is already on route to Barcelona for next weekend`s Spanish Grand Prix, there are still fears that, following the collapse of the deal which would have seen the struggling outfit bought out by the Magma Group, Super Aguri could be absent from the grid for the fourth round of the […]

The Super Aguri team admit their presence at next week`s Spanish Grand Prix is in doubt after the collapse of a planned rescue deal.
Potential buyers Magma Group pulled the plug on their takeover earlier this week and the cash-strapped Japanese team could now miss next week`s race.
“It`s possible,” Super Aguri co-owner Fumio Akita told Reuters […]

Super Aguri on its own to secure future Honda on Thursday ruled out rescuing the financially embattled Super Aguri team…
 

A team insider has painted a bleak picture of Super Aguri`s race against time for survival.The Japanese team announced on Wednesday that the expected backing of the agreed buyout group Magma will not materialise.After Super Aguri sat out the Barcelona test this week, a team insider told the German magazine Auto Motor und Sport late […]

Further to earlier reports, Super Aguri issued the following statement this afternoon:
Super Aguri F1 Team confirms that it has been informed by Magma Group, the potential purchasers of the team, that its investors no longer wish to fund the intended acquisition.
It is with deep regret that Aguri Suzuki is now forced to consider the […]

Super Aguri released a statement on Wednesday confirming that their prospective new owners, the Magma Group, have pulled out of the planned acquisition. The Japanese squad also revealed that team principal Aguri Suzuki is continuing negotiations with other potential purchasers.
Following a winter of speculation concerning the team`s future, Super Aguri announced in the days leading […]

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The future of the Super Aguri Formula One team is in doubt again after investors pulled out of a takeover.

Britain`s Magma Group had been expected to complete the buyout at the end of last month, but they have now told the Japanese team the deal is off.

It is believed Magma`s financial backers, Dubai International […]

Super Aguri Honda announced this afternoon that the proposed and widely reported deal between themselves and the Magma Group is no longer being pursued.The cash-strapped team are not attending this week`s group test in Barcelona and the very future of the team - short term and long term - is now thought to be in […]

The agreed sale of Super Aguri to the Magma Group has hit trouble, reports on Wednesday said.The British news agency Reuters said the Leafield-based team has received a letter from Magma, which is headed by Martin Leach, explaining that the expected backing had been held up.We reported last month that the financial elements of the […]

Having missed this week`s test in Barcelona, there is concern that Super Aguri could miss the forthcoming Spanish GP, leaving the future of the popular Japanese team in serious doubt.
It is understood that a deal which would see the team pass into the hands of the Magma Group has hit a major snag, namely that […]

Super Aguri face a race against time to make next weekend`s Spanish Grand Prix after the investment group buying the team chose to reconsider their options at the very last minute, autosport.com can reveal.
The Japanese outfit were due to ink a deal this week with automotive investment group Magma, which was working on behalf of […]

With a three-week break before the Spanish Grand Prix, the teams have time to test and tinker with their cars. Takuma Sato, however, has revealed that Super Aguri will miss next week’s multi-team test at Barcelona’s Circuit de Catalunya, as the Japanese team’s buy-out is yet to be completed.
In the build-up to the 2008 season, […]

Super Aguri will miss yet another major Formula One test next week. Other teams are planning either three or four-day schedules at the Circuit de Catalunya, prior to the Spanish Grand Prix at the same circuit towards the end of the month.But after sitting out almost the entire winter pre-season with financial troubles, and now […]