This is an update to:
Honda Withdraws From Formula One
The Japanese motor company Honda shocked the sports world with its announcement it is withdrawing from Formula One racing series. However, fans of Formula One’s two wheeled counterpart will be happy to know the company’s recent decision doesn’t affect its participation in the motorcycle racing series of Superbike.
Takeo Fukui, president and chief executive of Honda Motor Co. Ltd., blamed the “quickly deteriorating operating environment facing the global auto industry, brought on by the subprime problem in the United States, the deepening credit crisis and the sudden contraction of the world economies.”
The sudden withdrawal of Honda on the Formula One arena had many wondering which other sports would be affected next, either by further action from the Japanese car manufacturer or from other valued sponsors.
Read more on this:
Honda Withdraws From Formula One
Honda’s F1 Departure Could Shock Global Motorsport
Honda Races Against Time To Find A Buyer For Formula 1 Team Ahead Of 2009 Season
F1 Boss Bernie Ecclestone Called Honda’s Exit A “Wake-Up Call” For The Sport
