Honda pull out of F1!

James[UH] · 5th December 2008

Honda confirms Formula 1 exit - F1 | ITV Sport

Shocker.

freethought · 5th December 2008

Uh oh, if Honda don't think it's financially worth while, then what hope do the smaller teams have?

aXeR · 5th December 2008

I was very surprised to hear this on the radio this morning, what is Button going to do :O

Karl · 5th December 2008

Hardly surprising, but still a bit of a shocker, there was talk of them only having another year or two of support from Honda if results didn't improve - and from mid last year they put everything in to the 2009 car instead of continuing to develop the 2008 dog - So I'd of expected them to do 2009 and pull out in 2010 if things weren't better. The other thing that makes them less viable, is that they had no money from sponsorship, so their reported $500m budget was going to be majority self funded, unlike other teams.

UH-Matt · 5th December 2008

Honda were one of the most profitable too (including engine supply to others).

Makes you wonder whos next..

samb · 5th December 2008

I notice Honda aren't pulling out of IRL.

I wonder if Bernie still thinks it was such a good idea to charge such stupidly high prices for hosting a Grand Prix that both USA and Canada had to pull out?

Jon-NC · 5th December 2008

Toyota and Williams must be looking at the books.

Karl · 5th December 2008

Bernie & Max's fault though, for pushing all the indies out - when it's your whole business you try not to fold, when it's just an expensive marketing exercise you can knock it on the head quite easily.

chrisbyrd · 5th December 2008

All the F1 teams are geared (pardon the pun) upto the eyeballs aren't they?

UH-Matt · 5th December 2008

Wonder if they'll be selling any cars off cheap

wise · 5th December 2008

Quote:

Originally Posted by UH-Matt

Wonder if they'll be selling any cars off cheap

just watch the front and back spoilers when parking - you dont want to kerb them :-)