Financial Times FT.com

Honda quits F1 as financial crisis bites

By James Allen, Roger Blitz and Reuters

Published: December 4 2008 21:03 | Last updated: December 5 2008 13:06

Honda pulled out of Formula One on Friday, dealing a major blow to the sport and ending a dream for Japan’s number two carmaker.

Takeo Fukui, Honda Motor Co. President and Chief Executive Officer

Takeo Fukui, Honda's president and chief executive, attends a news conference in Tokyo. The company's decision to pull out of Formula One will have huge implications for the future of motorsport's elite competition

EDITOR’S CHOICE

Cost too far for Honda? - Dec-05

F1 fears grow as Honda pulls out - Dec-05

Lex: Formula One in the pits - Dec-05

Lombard: Dear Mr Button. . . - Dec-05

Toyota, Honda and Hyundai see sales slump - Dec-02

Honda plans two-month shutdown - Nov-21

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