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The Honda Motor Company has confirmed that it is pulling out of Formula 1 racing.
The company's chief executive Takeo Fukui told the media in Japan that the move was necessary because of difficult business conditions and added that there are no plans to supply engines in F1 either. The team in England is evaluating the possibilities for the future and the management, led by chief executive officer Nick Fry and team principal Ross Brawn, are "deeply committed to securing the team's future" and are engaged in looking for a new team owner, given that the team has high expectations for 2009.
Details are reported on several websites. Just Google away.
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The company's chief executive Takeo Fukui told the media in Japan that the move was necessary because of difficult business conditions and added that there are no plans to supply engines in F1 either. The team in England is evaluating the possibilities for the future and the management, led by chief executive officer Nick Fry and team principal Ross Brawn, are "deeply committed to securing the team's future" and are engaged in looking for a new team owner, given that the team has high expectations for 2009.
Details are reported on several websites. Just Google away.
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