Reports this afternoon are suggesting that Honda will not supply its power unit to Toro Rosso, as ongoing talks between the two parties have collapsed.

The Japanese manufacturer is seeking to supply a second team next year and had engaged in preliminary talks with the Faenza-based outfit which is current powered by Renault.

Honda and Toro Rosso were apparently at loggerheads over the financial terms of a potential agreement, and subsequently shut discussions down.

The jury is still out as the whether Honda will continue to partner with McLaren next year, with the latter expected to announce its decision in the coming weeks, if not days.

Reliability and performance improvements by Honda lately could entice McLaren to remain contracted to its engine supplier.

Woking management was rumored to have sounded out Renault on the possibility of  using its power unit next season in the event that Toro Rosso would relinquish its supply of Renault engines.

It's uncertain however where the French manufacturer stands on the matter.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

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