"There are various offers for the team but we haven't seen any serious buyer, " Honda president Takeo Fukui said.

BBC: Honda struggle to find F1 buyer

The trick: "You need to give people the freedom to spend and the freedom to make mistakes, " says Takeo Fukui, Honda's 61-year-old president.

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Honda's Chief Executive Takeo Fukui also said last week that the company may shift more production overseas to cushion the earnings impact of the yen's surge.

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