it's official
http://news.smh.com.au/world/honda-t...1205-6s9q.html
http://www.financialexpress.com/news...itions/394596/
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Honestly... Where the hell did this come from!...
Sad day to see Honda out of F1... They've been involved since the 80's (Including a short stint in the 60's)... F1 will be a lesser place without them...
omfg this is fkn heart breaking...
wtf srsly... honda was the last team i expected to quit...
man... srsly its a sad fkn time..
Yes, the parent company is involved in various other sanctioned races globally but F1 is by far the most expensive to support and run. On an operational management point of view, the expensive involvement and not yielding any good season since the comeback is not a good note with stakeholders.
Ah yes, they got Ross out of retirement and he has improved the team overall but question is, will the stakeholders want to risk in excess of 100 million dollars again to finance the team and pray that Jenson and Rubens will be on the podium more often, no doubt that they are good drivers but the cars are just not good enough and I don't think they can do it in the next year.
100 Million dollar saved can go towards less job losses in the company and less chances to be in the red (Even though Honda has got a substantial amount of cash reserves)
Just hope that when times are better, they will make another comeback with a better engine and chassis.
I wonder who will run 3 cars now? To my understanding the current (Revised in 03 was it?) and previous concord agreements stated that 20 cars MUST run in each GP...
man u gota feel for the drivers... esp Jenson..
he toughed it out with Honda for two years.. expecting to be givin a competitive for 09... wonder how hes feeling right now... what are his options?
i'd like to see him in a McLaren...
^ i second that
but the two drivers at McLaren atm are also very good
super aguri was backed by honda aswell, and they quit because of finacial difficulty, i guess the finacial crisis is now affecting the big boys aswell
Not only is it unfortunate to see Honda out of the formula, but this can be a beginning of a crisis for formula 1 altogether, as it is getting much more expensive for the sport to run altogether.
Ninemsn;
"Honda says it is pulling out of Formula One due to the global financial crisis, raising further concerns over the notoriously expensive sport's future."
yeah i kno that... just that the last 2 years hav been fcuking disastrous
quoted from the guy who runs realhondaf1.com
"Raw material orders have been cancelled.
Night shifts have been ceased.
No1 Wind tunnel turned off.
The team are to build a couple of chassis for testing, and then prepare cars for Melbourne, but it'll be up to somebody else to take them to Melbourne and race them."