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Article: Mallya pipped by Mexican billionaire in Honda race.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 28, 2008
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Mallya pipped by Mexican billionaire in Honda race
Rome, Dec 28 (PTI) -- Flamboyant Indian tycoon Vijay Mallya was pipped to the post by Mexican billionaire Carlos Slim Helu in the race for acquiring the Honda Formula One team, according to media reports here.
Italian newspaper 'La Stampa' said Slim, world's second richest man, would plough his cash into the ailing outfit which would be back on the grid in 2009.
"The saviour has arrived: Carlos Slim, 67 years old, the second richest man in the world," the newspaper said.
"The news is not official as all the details have yet to be formalised. But two things are certain - the team has ...