6 Dec 2008

Honda confirms it's pulling out of Formula One

7:28 am on 6 December 2008

Honda's confirmed it's pulling out of motoracing's Formula One competition.

Honda Motor president Takeo Fukui says they won't be competing next year, with the decision being made in the light of the deteriorating operating environment facing the global auto industry.

Honda will also stop supplying F1 engines and technical support to other teams.