http://www.nytimes.com/2008/12/06/sp...tml?8au&emc=au

but "Honda’s involvement in the Indy Racing League, the United States-based open-wheel circuit, is expected to continue, according to a statement from the American Honda Motor Company. Honda is the sole provider of engines for the circuit."

give and take, i guess.

 

looks like its the signs of the times. Its not just the US thats being affected. Its a world wide problem.

I guess its a smart move on Honda's part. Since Honda invested over $217 million into the sport. Since sales are way down and they profits are missed by long shots... They are reallocating their funds back into the company and not into F1...

Honda will be back.. Stronger than ever when the world sorts out the mess that we are currently in.

 

Smart move on the part of Honda... Instead of waiting for things to get as bad as the detroit situation, make the necessary changes now...

 

Sad but Honda wasnt doing much in F1 anyways. F1 has gone down hill with the standardization of the engines.

 

damn sad to hear, but it is what it is

 

Honda sales are down? Is this true?

 

Sales are down across the board for most auto manufactures. Just so happens Honda and Toyota's sales are not as bad the American counterparts.

Here's a direct quote from the NY Times article.



"Sustaining its two-car race team of Jenson Button and Rubens Barrichello cost Honda an estimated $217 million in 2008. The price proved too steep amid weak auto sales and a rising yen. Honda’s November sales in the United States fell 32 percent. The team is looking for a new owner before the 2009 season begins in March in Melbourne, Australia."

 

Thanks for the link. I knew sales were down but didn't know Honda was hit rather hard.

 

I'm glad someone has the ***** to tell Ecclestone to go *$&^% himself