/Honda Quits Formula1 To Cut Costs

Honda Quits Formula1 To Cut Costs

honda f11 at Honda Quits Formula1 To Cut Costs

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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