Honda announces withdrawal of F1, the team is considering including sale

Honda (Honda Motor Co., Ltd.)Announced that it will withdraw from Formula 1 activity in 2008. We plan to consider the team including selling, and while re-entry is undecided yet in 2009Suzuka CircuitIt is said that the Japanese Grand Prix scheduled at the end will be carried out as planned.

Details are below
About F1 race activities

According to the press release of Honda, we decided to withdraw from the judgment that "efficient redistribution of management resources is necessary" in "rapid and substantial deterioration of the market environment".Honda Racing F1 TeamAs well as supplying enginesHonda Racing Development Ltd.We will consult with employees including selling. Regarding other motor sports, MotoGP for two wheels, Indy will continue, and we are going to continue repairing young drivers training program and Suzuka circuit which we invest.

This is Honda's machine which fought the 2008 Grand Prix.

Photo by Luiz SeoCreative Commons