Hello fellow enthusiasts
It is widely accepted that the reason Honda canned their F1 project in early 1999 was following the sudden death of Dr Harvey Postlethwaite, but today I was reading an article from the 1999/2000 F1 Yearbook that denies that this is true.
According to Kunio Shibata's article, the decision had already been made before Harvey's death. Here is what the article says:
"There is no link between his (HP) death and Honda's decision (to can the project). It was not his death which led the project being canned. Honda had already signed a deal with BAR back in the beginning of March and Postlethwaite had written to them, trying to get them to change their minds. It was in vain.
It was mainly down to some political in-fighting between two rival factions within Honda.
There was an "extremist" group, which wanted to keep the total-team idea alive at all costs. Then there was the "moderate" group, which was not necessarily against the F1 project, but wanted to see a balance between expenditure and profit.
In 1998, when the company's new president, Mr Yoshino announced their F1 comeback, he did not go into any detail, as there was no detail available to announce. But the extremist group made the most of this announcement and very quickly built a prototype and started running it, thinking that if the car was a real entity then Honda would be obliged to go down that route. But in the end, it was the moderates who won on the day and the board decided that the project would be too costly."
I'm interested to know what the truth is about this subject. Can any of you guys cast some light on it?