Reports that the Mexican billionaire Carlos Slim has or will buy Honda's formula one team have been denied.

Reports that the Mexican billionaire Carlos Slim has or will buy Honda's formula one team have been denied.

The Telmex racing team, owned by Slim's telecommunications firm and involved in F3 and other series, said in a statement that Slim "has not bought, nor is negotiating to buy" the Brackley based outfit.

Slim's Telmex said the reports, first carried by the Italian newspaper La Stampa, are thus "baseless and completely false".

Meanwhile, in the Mexico City-based newspaper Reforma, Slim's son Carlos Slim Domit also denied the reports linking Telmex with buying Honda.

 

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