• Dec 4th 2008 at 5:48PM
  • 28
According to several reports, Honda has put its F1 team up for sale and if the automaker doesn't find a suitor before the start of the season in March, it won't be campaigning in 2009.

An unnamed source told Reuters that Honda team bosses Ross Brawn and Nick Fry said, "They have a month to find a buyer, otherwise they are closing the team." Autocar reports that a media lunch was cancelled this week and that a staff meeting at Honda Team HQ in Brackley was called this evening and an official statement will follow tomorrow morning from Japan.

The reason for the decision is due to the current economic climate and the cost of developing a competitive car that abides by the 2009 rules. Finding someone to back the team during these tumultuous times is going to prove difficult and there's already talk that Bernie Ecclestone may step in to attempt to work out a deal to keep Honda around.

More information should follow tomorrow. Thanks to all who tipped in.

[Sources: Reuters, Autocar, ITV | Image: Clive Mason/Getty]

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    • 1 Second Ago
      • 6 Years Ago
      This really bothers me. Leaving F1 is a big hit to anybody.

      First they couldn't win in F1, now they won't even bother to participate. :(
      • 6 Years Ago
      Honda... no money to back up team?
      i thought they 'were' very successfully making cars better than most.....
        • 6 Years Ago
        Agreed, all manufacturers who are successful at making cars are required to spend millions on an F1 team.
        • 6 Years Ago
        I would imagine Honda simply does not see its investment as worthwhile. The engine regulations, aero regulations, etc.. are all so limiting that how is it an exercise for the engineers? Yeah its hard but creativity is so limited.

        Especially when they are not in North America, are barely in South America, and are abandoning a lot of Europe.

        oi. F1 is so blowin it recently.

        Honda needs to hang out in touring car more and possibly get some sort of auto into ALMS GT2. Raced out s2000?

        IRL also needs to pick up the ball like whoa and expand majorly into Canada.
        • 6 Years Ago
        There's a difference between not having any money (GM), and not wanting to spend the extra money to spend on F1.
        • 6 Years Ago
        I'd rather they spend money making the CR-Z a good car than seeing Honda struggle to make the podium in F1.
      • 6 Years Ago
      I know!

      Let's control costs by freezing the engines.


      Let's be green by introducing energy recovery systems - even though those will cost teams millions upon millions to develop.

      Now! Let's use a spec engine. We'll have Cosworth make it!

      Thanks Max. You farging idiot!
      • 6 Years Ago
      Shocked but not surprised. Honda has been on a roll lately to "greenify" their image. I am not shocked. Besides having seen their results for the past few years doesn't help the cause back home in Japan. Also, its not like tickets to F1 races are cheap. All that greed by Bernie is going to catch up to him and the FIA. No worries though, I am sure Ferrari/Benz/BMW will duke it out. Maybe Toyota, Red Bull and Force India F1 are next?
      • 6 Years Ago
      Bernie=UAW+Big 3. Both=FAIL

      Greed. Aint it great?
      • 6 Years Ago
      I hope that whoever picks up Honda will give Bruno Senna a chance.
      • 6 Years Ago
      that would mean jenson button should look for other teams/championship...
        • 6 Years Ago
        So he can lose in those as well?
      • 6 Years Ago
      Time for F1 to go into hibernation perhaps?
        • 6 Years Ago
        I was hoping it wouldn't happen, but predicted it probably would months ago. Honda brass was reluctant to get back into F1 in the first place, and only acquired the team from BAR & Prodrive when it was third in the field & winning races. These past two dismal seasons could not have gone down well back in Japan.
        For me, the best solution would be everything going full circle and David Richards & Prodrive taking over again... especially since Prodrive has been looking to get back into the sport. They'd probably do better as well... they were doing just fine until Honda took over 100%.
      • 6 Years Ago
      this might be a good thing. frankly, i'm seriously disappointed at the direction F1 has taken, with the homologizing of everything (including engines!!!), and I hope that this shows Mosley and Ecclestone that they need to shape up or ship out. Another top Formula will arise out of the ashes if F1 fails, and they'll have all the big competitors present. This might be the first step....
      • 6 Years Ago
      Way to go, guys. Those "cost saving" measures of yours really worked out great.

      Let F1 be F1 and let the manufacturers do what they want. Keep it safe, but let 'em do what they gotta do. It's about having the fastest car, not the fastest spec racer. Might as well go race Spec Miatas.
      • 6 Years Ago
      Do you guys have a link to the craigslist ad? Cos I might buy it. Iv'e got a coupe hundred expendable dollars, and an F1 team could be interesting.
      • 6 Years Ago
      wow and I thought they were sticking it out.
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