A racing Dynasty has come to an end.
The all-new Honda City; too expensive for its own good.
Honda has announced that it was pulling out of Formula One due to the global financial crisis, raising further concerns over the notoriously expensive sport's future.
Honda Motor president Takeo Fukui made the announcement at an emotional press conference, repeatedly apologising to fans, staff, drivers and F1 authorities.
"Honda Motor Co. has come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season for participation," Fukui said.he added.
"This difficult decision has been made in light of the quickly deteriorating operating environment facing the global auto industry, brought on by the subprime problem in the United States, the deepening credit crisis and the sudden contraction of the world economies,"
Honda has been involved with F1 since 1964 and has clocked up three wins, including Jenson Button's in Hungary in 2006. ~MSN news
See, what they should do ... is to stop over-paying their F1 Drivers.
Q ... Honda is synoymoous with F1 . End of an exciting Era.
No comments:
Post a Comment