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Honda to withdraw from Formula One

Indexed: Thu Dec 04, 2008 @ 09:30:02PM 1 month 5 days ago

Earlier today word got through to RealHondaF1.com that Honda Racing F1 is in trouble. An emergency meeting had been called, and the future of the entire Formula One team hinged on it. The background is a huge slump in sales in almost all markets around the world, leading to Honda being forced to lay off staff, reduce production, and temporarily close factories.

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Source: F1Network.net - http://www.f1network.net/main/s169/st136968.htm
Tags (beta): honda, formula, around, world, leading, sales, forced, almost, close, reduce

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