Honda Pulls Out Of F1
Like all car manufacturers in the current economic climate, Honda have been struggling with sales down 32% in November alone in the US and 56% having been wiped off their stock so far this year.
Ross Brawn made the announcement to the team they will be given 3 months to find a buyer before the team is wound up. It looks like that will be a challenge in the global recession.The cost cutting measures planned for F1 have neither come quick enough or big enough to save one of the Worlds biggest manufacturers.
Toyota have confirmed they remain committed to F1 but for how long?