Jump to content
SAU Community

Mugen Boss caught!


Recommended Posts

Hirotishi Honda, head of Mugen Co. has been accused of evading 1,000,000,000yen in taxes.

A commision has been assembled to gather details of how the company has "absorbed" profits from their F1 division in paticular, and the rest of the company.

The lucrative F1 business has been the primary source of the unpaid taxes. The unpaid taxes have been used to buy property and other assets.

I'll keep you posted on further developments.

/Rezz (druken spelling mistakes edit!all_coholic.gif)

Link to comment
Share on other sites

Start buying your Mugen goods - keychains, t-shirts, umbrellas, that sort of shit now, coz it may not be around for much longer!

Link to comment
Share on other sites

hmmmmmmmm but if they have been absorbing profits, it means that they are actually making profit......

its not like theyve have been absorbing their losses.....

So all im guessing it means is that they will have to sell the property etc to pay back the tax, its only about $12 mil australian

Link to comment
Share on other sites

Originally posted by williamc

hmmmmmmmm but if they have been absorbing profits, it means that they are actually making profit......

its not like theyve have been absorbing their losses.....

So all im guessing it means is that they will have to sell the property etc to pay back the tax, its only about $12 mil australian

I dunno. All I know now is that taxation department guys turned the offices upside down collecting financial records. Honda-san is like fully disgraced.

Link to comment
Share on other sites

Originally posted by DoughBoy

Hang on, people are actually making money in F1?

And here I thought all motorsport was a financial drain (but a good development/advertising agent)!

Aparently, Mugen Honda gets money just by scoring F1 Championship points. They've got 4 or wins to their name (don't ask me, thats what they said on the news) and for a win, you get a substantial amount. Mugen wasn't declaring their cut.

Link to comment
Share on other sites

I'm no Mugen expert, but Hirotoshi's father founded Honda Motor Co, and Hirotoshi wanted his own business, so the Mugen-Honda relationship is a family one. As for ownership, I'm sure a shitload of Honda money is in Mugen, how much though, I'm not sure.

Honda cancelled it's funding for it's F1 engines in 1992, and Mugen picked up the F1 left-overs and started the Mugen-Honda F1 engine supplier.

Link to comment
Share on other sites

Originally posted by DoughBoy

Hang on, people are actually making money in F1?

And here I thought all motorsport was a financial drain (but a good development/advertising agent)!

The big teams rake in the big bucks. Ferrari make a shit load cause it costs a mansion to have your company sticker on their car. Let alone the space on their uniforms and even the caps they wear after the race.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share



  • Similar Content

  • Latest Posts

    • Wow mate that's huge, congrats. Glad you found better people to deal with and all seems like it's going in the right direction.
    • The best setting for street is what gives the best tyres wear for your driving style Different tyres like different camber You want the whole surface of the tread to wear flat, if the inside of the tyre is wearing more than the outside reduce camber settings For toe, have the minimum amount to give the handling you want Caster, from my experience if you can adjust it, is as much as you can get without clearance issues And while -2.5° of camber on the front might work well with good tyres for "spirited" cornering, it may be too much for a street car Lots of front camber will effect braking Just like to much rear camber will effect rear traction (rwd), and braking  When I set my Bogan Cruise Ship (VX SS) up for drags I tested how much tyre width I actually had in the rear by doing a hard launch (skid), it originally had -1.5° in the rear, and you could see that the tyre wasn't putting down alot of the tread, I maxed out the settings to get as little camber as I could with the OEM adjustment and some camber bushings and got it down to just under -0.5° with 0 toe, that gave me a fair bit more "rubber on the road" and helped it hook up for my 60' and my 0-100kph And with -1.5° in the front the big old boat handles fine on the street and my tyre wear is nice and even on both front and rear tyres (currently Hankook RS4's) As for semi slicks at the track, again, it depends on alot more IRT the suspension, the track and lots of other things, so, I'll leave that up to people who have more experience, especially with a AWD In saying this, street settings are pretty easy, just look at the tyre wear Meh, Necro thread, it's late at night, and I has been drinking beer
    • Thought I'd give an update. There needs to be scarce details in some areas due to ongoing discussions. Here's the journey of trying to make the booked registration appointment (again). Sent a complaint to Car Inspect outlining the concerns and made some demands. Went to a service center in Geelong, got assaulted with bullshit items on the RWC, as you know. Tried to quote $2.5k AND wanted a structural report Only seemed to be one place around Geelong that does them, they demand $495 just to end up telling me it's f**ked, at least $11k to fix and tried to sell me his own Skyline in the process (bro, wtf?) Started stressing about what I'm supposed to do with this possible pile of steel. Awaiting that, I was sent an angel friend who works in Melbourne and knows real mechanics and body shops.  They laughed at the reported quotes (don't get work done in Geelong) Car underwent some front surgery and brought back better They then sent it to the mechanics for RWC Registration appointment is two days away at this point. Mechanics pointed out two issues: driver's seat and shocks - that's it. He offered couple options and I chose coilovers. Frantically I scoured the jungle realm that is Facebook Marketplace (again). Found what looks to be a decent Series 1 seat actually - $100 Guy is friendly, offers to bring the seat with a colleague who's heading to Geelong (thanks man, that was cool) Seat arrived, looks good. Throw it in my car and drive to Melbourne and drop it to mechanic T-1 day, mechanic reckons job will be done for the fronts only, gets it done by 4PM Mechanic heads to get the coil-overs that night as a favour to help me make the appointment Get driven to Melbourne, drove the car back - RWC Unlocked! ✅ VicRoads tomorrow, the goal is close now. 🙂
    • Gtr are still available through the heritage program but don’t have the wiring 
×
×
  • Create New...