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Honda touts 'steady progress' in comeback

Japanese automaker Honda said on Friday it is making "steady progress" toward its return to Formula One racing in 2015. Honda said last year it would rejoin the European-dominated sport as an engine supplier to British team McLaren in a bid to revive their championship-winning partnership. "The company is making steady progress in developing the power unit," Honda said in a statement outlining its motorsports strategy for 2014. The company is establishing its European base for F1 activity in Milton Keynes, 80 kilometres northwest of London, to rebuild and maintain power units developed at Honda's research and development centre in Japan. The company said it also set up...
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