Formula One experienced a seismic shock last night when it emerged that
Honda, the Japanese car giant, is pulling out of the sport because of the collapse in car sales that is forcing it to suspend manufacturing at several of its plants around the world.
In a move that has stunned Formula One, the Japanese multinational is believed to be planning to suspend its racing operations in Japan and at the team headquarters at Brackley, near Silverstone in Northamptonshire, and the team is up for sale. The decision would leave the team’s drivers,
Jenson Button and
Rubens Barrichello, without seats for next season unless a buyer can be found.
TimesonLine