In response to today’s announcement that Honda has extended its engine supply agreement with BAR until 2004, Jordan Grand Prix stated:

“Jordan Grand Prix has just completed the first year of a three-year contract with Honda. At a meeting of the two companies last Friday, both parties re-affirmed their commitment to this agreement.  An option exists for the supply to be extended for 2004 and 2005 and this will be discussed at the appropriate time.

Eddie Jordan, Chief Executive of Jordan Grand Prix said: ‘Today’s announcement and our own contract confirms Honda’s total commitment to Formula 1 for the long term which is good for the sport and for both Jordan and BAR. Honda has an unrivalled record in Formula 1, and from 2002 will be putting even more resources into the programme.’

‘Much is made of the rivalry between Jordan and BAR; it is a challenge which I think we both enjoy and it is certainly a great motivator for all of us. I feel confident that Jordan will soon deliver Honda its first victory of this engagement on Formula 1.’