Friday, December 05, 2008

Honda Motor quits Formula One - malaysiakini

Comment from aza203 -

Bagaimana dgn SAUBER Petronas???

Honda Motor quits Formula One
Fri, 05 Dec 2008 07:13:42 GMT

Japan's giant carmaker Honda Motor has pulled out of Formula One motor racing because of global financial crisis, the chief executive says.

"Honda must protect its core business activities and secure the long term as widespread uncertainties in the economics around the globe continue to mount," Takeo Fukui told Reuters on Friday.

The decision not to spend the estimated annual budget of $500 million for the F1 team comes in the wake of shrinking car markets triggered by the global economic crisis.

"We will enter into consultation with associates of Honda Racing F1 and its engine supplier Honda Racing Development regarding the future of the two companies. This will include offering the team for sale," he said.

Fukui added that a return to the sport could take time and there were no plans to continue as an engine supplier.

Honda would have little time to find a buyer with the 2009 season starting in Australia on March 29.

AGB/DT

1 comment:

  1. Nampaknya Honda mengambil langkah selamat dalam menghadapi krisis ekonomi global yang akan melanda dunia. Diharap Sauber Petronas dapat mengembil langkah serupa untuk mengelakkan kerugian yang bakal ditanggung jika meneruskan perlumbaan...

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