Honda to withdraw from F1 due to global economic downturn

Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - Honda President Takeo Fukui told a press conference in Tokyo on Dec. 5 that his company will withdraw from Formula One, making 2008 its last season in F1 motor racing. He said the business conditions of the second-largest Japanese automaker have rapidly deteriorated amid the worldwide economic downturn and it can no longer bear the operating costs for F1.

  • Product Code
  • ILEA001130927
  • Registered date
  • 2008/12/05 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2008 Kyodo News
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  • 1303 × 1418 pixel
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  • 240 dpi
  • Deployment size
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*File size when opened in Photoshop, etc.

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