Honda Chickens out from Formula One and Abandons the Championship
The Formula One season is barely over and here comes the news that Honda Motor Company Ltd no longer wants to be a part of the championship next year. The news is quite stunning as it has created uncertainty over the future of company’s Formula One team, especially its young bunch of drivers who may have to sit out next year, unless of course some one comes forward and resurrects their career.
Honda Motor’s, who proclaimed its decision with immediate effect, has put its Formula One team for sale, but there is also a bounding clause which states that if no buyer is found for the Northants-based team by March, then they will stay away from the competition in the 2009 season.
A cloud of uncertainty therefore looms above the entire team, which is more pronounced in the case of Ross Brawn who only last year made a move from Ferrari to Honda. The same is the case with the other two drivers Jenson Button and Rubens Barrichello who might find themselves without a team to compete for in 2009, consequently making it a low point of their career.
Meanwhile, Honda has clarified that the recent financial crisis is the reason behind the company’s strategic decision, as the company is finding it increasingly difficult to come to terms with dwindling unit sales. As a result it looks like we might unfortunately not get to see Honda in next year’s Formula One Championship Edition on the PS3. Add to that the not so inspiring display by Honda F1, and it is quite logical of the company to take the intelligent step. Takeo Fukui, president Honda Motors, emphasized that keeping in view the current crisis it is imperative of the company to protect its core business and secure long term objectives. He also accepted the reality that it will take some time before the company makes a turn around.
Tags for this article: championship, honda