Bad News: Honda Pulls Out Of F1

Well, it has finally happend.  The current global economic situation has hit the top rung in motorsports.  In a hasty news conference Honda CEO Takeo Fukui announced that effective immediately Honda would be pulling out of Formula 1.  With so much uncertainty in the marketplace today Honda is deciding to play it close to the chest and focus all their efforts on their core business which means no additional frills…like racing in Formula 1 for instance.  At this time its unclear where Honda driver Jenson Button but there is already talk of other investors stepping in to buy out the team.  We’ll try to let you know what happens as things develop.

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