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Team Honda pull out of Formula One

Reuters
Posted: Friday, Dec 05, 2008 at 1115 hrs IST
Updated: Friday, Dec 05, 2008 at 1115 hrs IST


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Tokyo: its huge resources, Honda had a dismal 2008 season and was pinning its hopes on next year's new rules levelling the playing field.

Button, a winner for Honda in Hungary in 2006, scored just three points while Barrichello took 11. The team finished ninth overall.

The last team to leave Formula One was Honda-backed Super Aguri, the tail-enders who folded for financial reasons in April....

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Team Honda pull out of Formula One
Amid slumping car sales triggered by the global economic crisis Honda were no longer willing to bankroll the F1 team.