Jump to content
SAU Community

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
https://www.sau.com.au/forums/topic/20985-mugen-boss-caught/
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
https://www.sau.com.au/forums/topic/20985-mugen-boss-caught/#findComment-441493
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
https://www.sau.com.au/forums/topic/20985-mugen-boss-caught/#findComment-441667
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
https://www.sau.com.au/forums/topic/20985-mugen-boss-caught/#findComment-441688
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
https://www.sau.com.au/forums/topic/20985-mugen-boss-caught/#findComment-441964
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
https://www.sau.com.au/forums/topic/20985-mugen-boss-caught/#findComment-442256
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


  • Similar Content

  • Latest Posts

    • It would be different if the sealant hadn't started to peel up with gaps in the glue about ~6cm and bigger in some areas. I would much prefer not having to do the work take them off the car . However, the filler the owner put in the roof rack mount cavities has shrunk and begun to crack on the rail delete panels. I cant trust that to hold off moisture ingress especially where I live. Not only that but I have faded paint on as well as on either side of these panels, so they would need to come off to give the roofline a proper respray. My goal is to get in there and put a healthy amount of epoxy instead of panel filler/bog and potentially skin with carbon fiber. I have 2 spare rolls from an old motorcycle fairing project from a few years back and I think it'd be a nice touch on a black stag.  I've seen some threads where people replace their roof rack delete with a welded in sheet metal part. But has anyone re-worked the roof rails themselves? It seems like there is a lot of volume there to add in some threads and maybe a keyway for a quick(er) release roof rack system. Not afraid to mill something out if I have to. It would be cool to have a cross bar only setup. That way I can keep the sleek roofline that would accept a couple bolts to gain back that extra utility  3D print some snazzy covers to hide the threaded section to be thorough and keep things covered when not using the rack. 
    • Probably not. A workshop grade scantool is my go to for proper Consult interrogation. Any workshop grade tool should do it. Just go to a workshop.
    • In my head it does make sense to be a fuel problem since that is what I touched when cleaning the system. When I was testing with the fuel pressure gauge, the pressure was constantly 2.5 bar with the FPR vacuum removed. When stalling, the pressure was going up to 3.0 bar (which is how it should be on ignition).
    • ECUtalk pages don't mention they support the ABS computer (consult port has more than one CAN), so you might just need a different scan tool. But, I would expect ABS is a different light to the brake warning/handbrake light, do you see an ABS light come on for a few seconds when you turn the key from ACC to IGN? But since you said: I'd have a look at the ABS sensors in the rear hubs to make sure they are not damaged, disconnected etc.
    • OK, if it idles at 1000+ with the AAC, its not an idle airflow problem. The cold start valve just gives extra air when the engine is cold, but you have enough air without it to idle at 1000. I think you are back to a fuel problem, sorry. Can you see the fuel pressure staying constant or does it drop as the revs drop to a stall?  
×
×
  • Create New...