16

Jul

Honda CEO reportedly rules out return to Formula One

Posted by admin  Published in Honda

Things could hardly have played out worse for Honda. It has poured what surely amounted to billions of dollars for years into its Formula One team with little effect. Then it brought in Ross Brawn, only to withdrew its support from the squad, then it sold the entire operation to Brawn while paying out big bucks to elude an even bigger separation bill. And simply soon afterward did Brawn turn the F1 team into a winner. That’d be enough to send some automakers scurrying to get back in the game, but not Honda.

The Japanese automaker’s new CEO Tokanobu Ito has reportedly completely ruled out the possibility of a return to F1 “even whether the economy improves,” deriding the series as bereft of relevant development possibilities. Well, in that place you have it. No word, yet, on whether Honda determine play the 2010 Japanese Grand Prix at its Suzuka Circuit after Toyota withdrew its Fuji Speedway from the event.

[Source: Autosport | Image: Kazuhiro Nogi/AFP/Getty]

Source: www.autoblog.com