The chase is on
Shanghai 2018
Chinese Grand Prix
Honda pull out of F1..Toyota next?
News
Honda pull out of F1..Toyota next?
Posted By:   |  04 Dec 2008   |  7:22 pm GMT  |  0 comments

Honda announced this morning that it is withdrawing from Formula 1. It is putting its team up for sale and will continue to fund the team for three months, but if no buyer is found by March then the team will be closed down.

There is a sense of shock in Japan about this. Apparently there have been rumours out there during the last week that Toyota was building up to make an announcement of this kind, but not Honda. All eyes are now on Toyota to see what their next move will be.

Honda president Fukui made the announcement in the early hours of this morning. My sources suggest that this was quite a sudden decision, despite rumours that all was not well at Honda. This is all about trade, or lack of it.

Featured News
Editor's Picks
Share This:
Posted by:
Category:
Tags:

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!
Top Tags
SEARCH News
JA ON F1 In association with...
Multi award winning Formula One photographer
Multi award winning Formula One photographer

Sign up to receive the latest F1 News & Updates direct to your inbox

You have Successfully Subscribed!