A public statement from Tokyo, grappling with news of plummeting sales of road cars, is expected early on Friday, amid rumours the outfit is up for sale and faces complete closure should a buyer not be found by January.
Detailed
Related content:
Official: Honda CEO Fukui F1 withdrawal statement
 |
|
| Mercedes-Benz G-Wagon LAPV 6.X Concept [Video]The new 2010 Mercedes-Benz G-Wagon LAPV 6.X Concept represents the latest in armored patrol vehicle technology and has made its debut at the recent EUROSATORY 2010 defense industry trade show. |
As expected, Honda Motor Company chief Takeo Fukui in Tokyo confirmed on Friday afternoon that the Japanese manufacturer is withdrawing from formula one ahead of the 2009 season.
He said the decision was taken as a result of the prevailing conditions in the automotive sales sector, including a near-unprecedented decline of more than 30 per cent in its biggest market, the United States, last month. Detailed
Related content:
Honda to announce shock F1 withdrawal
Lexus may be throttling back its plans to attack the performance side of its German rivals, but that doesn't mean it won't expand its F-badged lineup in the future. Hirokazu Koga, general manager of the Lexus Development Center and one of the men behind the IS F, told Autoblog that if the automaker goes forward with plans to create a GS F, an LS F could be in the cards.
Detailed
