Global crisis ends Honda F1 era

Honda is pulling out of Formula One, blaming the world economic crisis for plans to sell its team.

The decision leaves Englishman Jenson Button and 2009 team-mate Rubens Barrichello without drives, with only a few mid-ranking seats still available.

Honda, which spent more than £300m a year on F1, said it would also no longer supply the sport with engines.

The team say they are optimistic they will find a buyer who will enable them to continue in the sport. Chief executive Nick Fry said he has had three approaches already. But a deadline of January has been set to find an investor and workers at Honda's Brackley base have been told to expect redundancy letters before Christmas.

This a Massive Masive Shock! This is a big chance for Button - He should go to Ferrari on Mclaren and team up with Lewis Hamilton.
http://news.bbc.co.uk/sport1/hi/moto...ne/7766092.stm