Rubens Barrichello will partner Jenson Button at ‘The Team Formerly Known as Honda’, but full details of how the team is to be rescued are yet to be announced.
Barrichello will extend his record as the F1 driver to have started the most races. The development is a blow to Bruno Senna, who had been linked to the second seat at the team. Rumours are placing him in a DTM seat for 2009.
The team, which has been tipped to re-launch as Brawn Racing, was expected to resume testing at Silverstone on Thursday this week but those plans have been put on hold.
This development means every F1 team except the two Red Bull outfits will go into 2009 with the same drivers they used in 2008.
Barrichello will also be one of just three drivers on the 2009 grid to have driven in F1 with slick tyres before this year. He, Jarno Trulli and Giancarlo Fisichella raced on slicks in 1997. Barrichello made his F1 debut in 1993.
Read more about Rubens Barrichello: Rubens Barrichello biography