Honda to withdraw from F1 due to global economic downturn

Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - Honda Motor Co. President Takeo Fukui announced at a press conference in Tokyo on Dec. 5 that Japan's second-largest automaker will withdraw from Formula One by the end of this year. Honda cited as reasons rapidly deteriorating business conditions due to the global financial turmoil and the worldwide economic downturn. (Kyodo)

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  • ILEA000040631
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  • Kyodo / Kyodo News Images
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