The world has been crippled by the recession which prolonged for more than six months. Job cuts, operation cost cut … the list is endless. Another nail in the coffin when Honda withdrew from F1 and it has plans to sell the team.

The multi-million game has already faced lot of criticism as it is spending lot of money. It’s profoundly sad that team like Honda couldn’t handle the financial crisis.

The F1 can’t be as exciting as it was in the coming years. The future is not bright for F1 if the recession continues…

Check the full statement from Honda in the following link:
http://www.formula1.com/news/headlines/2008/12/8755.html