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MotorGround >> i cry frens


12/5/08 1:04 PM
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billcosbiguez
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Member Since: 4/16/08
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frens, sad days for race fans.

Sadly, it seems nothing is immune to the world's economic distress. On the heels of Audi's announcement that it is leaving the American Le Mans Seres, this morning, Honda Motor Co. president and CEO Takeo Fukui announced the automaker's official withdrawal from Formula 1 due to the "deteriorating operating environment facing the global auto industry".

Effective immediately, all Honda Racing F1 operations are to be halted in order to better focus the brand's resources and management on future business ventures.

from motortrend.com
12/5/08 4:01 PM
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Ponyboy
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Smarter than other car companies, they are.
12/5/08 4:50 PM
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billcosbiguez
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you are wise.

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