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

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.
Comments (1)
  • I hear Mr. Slim's business acume mentioned in reverential tones. What is going on with PhoneBrasilia International? (PHBR). That was a company that was popular with SeekingAlpha commentators 14 months ago when it was trading between $1.40-$1.60/share. It's pps. at the end of '09 will be about $.02. Has he washed his hands of that project? I am unable to get a response from the Investors link from PHBR so I was hoping someone on this forum could shed some light.
    28 Dec 2008, 05:12 PM Reply Like
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