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Honda has big plans for next three years

Updated: July 24, 2004, 7:57 PM ET
By Dan Knutson | Special to ESPN.com

HOCKENHEIM, Germany -- Honda has some pretty clear-cut and very high goals for its next three Formula One seasons. Those goals include winning the World Championship.

On Friday, before practice began for the German Grand Prix, Honda and BAR announced a long-term extension of their partnership contract. They have signed a three-year deal through the end of 2007, and the idea is for their joint venture to go on for many years after that.

"This three-year contract that starts from 2005 ...

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