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Honda Pulls Out of Formula 1.

Posted: Thu Dec 04, 2008 11:31 pm
by Fernando
It's really sad news that Honda have pulled the plug on their F 1 operation. :cry: I wonder how many other motorsport disciplines could be affected by the economic downturn facing the automotive industry.

I wonder if anyone else will offer Bruno Senna a chance to test for them ? Also what happens to Jenson Button now as this must have come as a bolt out of the blue for him.

It's also sad becasue everyone was talking up Honda's chances for 2009.

Re: Honda Pulls Out of Formula 1.

Posted: Sat Dec 06, 2008 1:12 am
by MR2 Zig
Honda seema a funny bird about F1. They left McLaren back in the late 80's or early 90's then shortly after left F1 altogether. Later they came back to F1 and are now leaving....fickle bunch it seems.

Has honda been doing well or not? I haven't been following F1 lately.

zig

Re: Honda Pulls Out of Formula 1.

Posted: Sat Dec 06, 2008 8:06 am
by MALDI
Honda have not been doing well the last few years in F1.

On the other hand, they just invested substanial funds in a new car for the 2009 season. This is why the whole operation is up for sale, someone could step right up and buy a racing team with a newly designed car.

I believe Honda made the right decision. The entire world is headed for tough economic times. Better to place available funds in core operations than to use them in what is essentially an insanely expensive ($300,000,000/year) advertising excercise.

Meanwhile Alfa STILL has no factory supported racing team (even on a much smaller scale than F1 like WTCC).

Re: Honda Pulls Out of Formula 1.

Posted: Sun Dec 07, 2008 4:49 pm
by GTV27
If it was just the cost, perhaps they should have sold some space on the car, rather than being the ONLY sponsor and having a picture of the planet on the side of it. :?

Toyota next perhaps? It has to be the obvious candidate on 'money being spent for no results' basis.

Re: Honda Pulls Out of Formula 1.

Posted: Sun Dec 07, 2008 7:30 pm
by Duk
Good to see that the 'reduced running costs' from the F1 rule changes a few years ago are so effective :roll:
Spend enormous amounts of money to redevelop a car and a brand new engine and instantly make most of the other previous developments redundant..........
It was excellent planning back then, and now it's really going to show it's value.........






:wall:

Re: Honda Pulls Out of Formula 1.

Posted: Sun Dec 07, 2008 8:39 pm
by Zamani
I suspect revenue from advertising for 2009 will substantially decrease. Most financial companies are in dire straits. Insurance companies are also facing similar monumental problems. Some of them effectively nationalized. Petroleum companies will face shrinking profits in 2009, same with car companies. It would be interesting to see how this will all pan out.

Re: Honda Pulls Out of Formula 1.

Posted: Mon Dec 08, 2008 4:52 am
by MALDI
F1 is pushing a spec engine (built by Cosworth) to reduce costs. Ferrari (and others) have said they will leave F1 if it becomes a spec engine series. Interesting times.

Re: Honda Pulls Out of Formula 1.

Posted: Mon Dec 08, 2008 6:03 am
by Mats
Yes, but Honda is pulling out even before the decision meaning it's due to something else.

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 4:14 am
by Duk
http://www.sportspromedia.com/mosley.htm
Interesting reading............

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 5:02 am
by MALDI
Wow! After reading that I see that there is more action off the track in F1 than on it!

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 9:49 am
by Zamani
Maybe they should make an "F1 Reality Show".

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 10:57 am
by mjr
F1 is shite.... real F1 died long ago with the introduction of v8's and grooved tyres for me.

champ car series is way more interesting...

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 12:04 pm
by Zamani
I personally think European/British Touring Cars are the best. They are waaaaaaaay more entertaining than F1.

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 12:45 pm
by MALDI
Yes WTCC is excellent. Too bad Alfa dropped out a few years ago.

Re: Honda Pulls Out of Formula 1.

Posted: Fri Jan 09, 2009 12:50 pm
by mjr
ahhh yeah, the good old days of BTTC in the early 90's. manufacturers and drivers on the ragged edge lap after lap.

these were the days...

http://www.youtube.com/watch?v=WKCD9yko ... re=related