Motorward » Formula One http://www.motorward.com Auto News, Views and Guides Tue, 14 Feb 2012 08:33:43 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Honda Quits Formula1 To Cut Costs http://www.motorward.com/2008/12/honda-quits-formula1-cut-costs/ http://www.motorward.com/2008/12/honda-quits-formula1-cut-costs/#comments Fri, 05 Dec 2008 11:51:59 +0000 Arman Barari http://motorward.com/?p=1124 Honda Quits Formula1 To Cut Costs honda f11

Honda Motors CEO Takeo Fukui confirmed their immediate withdrawal from Formula One this morning. Japanese manufacturer affected by global financial crisis, will be selling their Formula1 team in order to cut costs and raise some cash. It is a good decision since Honda’s recent years in F1 was fairly terrible.

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