Carlos Slim, the world's second-richest man, will buy Honda's (HMC) F1 team for a nominal $1...

|About: Honda Motor Co., Ltd. (HMC)|By:, SA News Editor

Carlos Slim, the world's second-richest man, will buy Honda's (HMC) F1 team for a nominal $1 (source). Honda announced in early December it was pulling out of F1, a move it says saves it $220M.