Honda pulls out of Formula One

Eurosport - Fri, 05 Dec 16:57:00 2008

Honda Motor Co has announced that it is pulling out of Formula One motor racing, although next year's Japanese Grand Prix at the Suzuka circuit will still go ahead as planned.mid slumping car sales triggered by the worldwide downturn, Honda are no longer willing to bankroll the Formula One team and its estimated annual budget of $500 million.

Honda Motor Co Chief Executive Takeo Fukui told said a return to the sport could take time, and that there were no plans to continue as an engine supplier.

"This difficult decision was taken recently and was made in light of the quickly deteriorating operating environment facing the global auto industry," Fukui said.

"Honda must protect its core business activities and secure the long term as widespread uncertainties in the economics around the globe continue to mount.

"We will enter into consultation with associates of Honda Racing F1 and its engine supplier Honda Racing Development regarding the future of the two companies. This will include offering the team for sale."

Fukui, who told Reuters this year that he would "spend a trillion yen" if he could to make Honda a Formula One winner, said there would be no speedy return to the sport.

"At this stage we have no plans to return to F1. We have no plans to supply engines to other teams," he said. "We do not want to be half in and half out of the sport."

Honda would in any case have little time to find a buyer with the 2009 season starting in Australia on March 29.

"We would love to be able to continue in Formula One but we're simply not able to in the current financial climate," Fukui said.

"At testing in Barcelona last month we were still positive about racing in F1 next season.

"But we have to use our resources sensibly. As far as potential buyers go, our criterion would be that they continue to employ the hundreds of engineers who work for the Honda team."

Honda, like all of its rivals suffering from a sharp fall in global car sales, saw its sales in the United States, its biggest market, slump 32 percent last month.

"Pulling out of F1 will have a big impact in terms of cutting overall costs," said Fukui. "The most important thing for Honda is to see where we are in the next three to five years."

With Formula One's power-brokers desperately seeking cost-cutting measures to ensure its own survival, Honda's departure will have serious implications for the glamour sport.

It also leaves Britain's Jenson Button without a drive for 2009, although some teams have yet to confirm their lineups.

Brazilian Bruno Senna, the 25-year-old nephew of the late triple world champion Ayrton, had also been tipped to take the place of compatriot Rubens Barrichello at Honda next season.

Honda's exit leaves the multi-billion dollar sport facing a depleted grid of 18 cars if no buyer can be found in the extremely tight time-frame available.

It will also prompt fears that other major manufacturers, with their factory production suspended and thousands of staff laid off, could follow Honda's example.

Honda and Toyota Motor Corp have been the big spenders in Formula One in recent years.

Ross Brawn, the former Ferrari technical director who won multiple world championships with Michael Schumacher, was hired to run the Honda team at the end of last year.

Despite its huge resources, Honda had a dismal 2008 season and was pinning its hopes on next year's new rules levelling the playing field.

Button, a winner for Honda in Hungary in 2006, scored just three points and Barrichello took 11. The team finished ninth overall.

Honda's best finish in the constructors' championship was fourth, in 1967 and 2006, although they powered McLaren and Williams to a string of titles in the 1980s and 1990s.

The last team to leave Formula One was Honda-backed Super Aguri, the tail-enders who folded for financial reasons in April.

The sport's governing body said on Friday that Cosworth would provide Formula One teams with a low-cost engine option from 2010.

FIA president Max Mosley said the body was in exclusive negotiations with Cosworth, Xtrac and Ricardo Transmissions (XR) to provide a complete powertrain (engine and gearbox).

"We can get the cost down from the current £200 million ($293.4 million) plus [per team] down to about £30 million at which point the income from television and the income from sponsors covers it and you don't need these huge subsidies from the car industry," Mosley said.

McLaren to unveil car next month

Eurosport - Tue, 02 Dec 13:13:00 2008

The car Lewis Hamilton will use to defend his Formula One title next year will be unveiled by McLaren on January 16 at their Woking factory.

McLaren are the third team to announce a launch date.

Toyota will be revealing their new car on January 15 while BMW-Sauber take the wraps off theirs in Valencia on January 20.

While McLaren and Mercedes engineers busily prepare for the 2009 season in Woking, Brixworth and Stuttgart and the test team readies two cars for December outings at Jerez and the new Autodromo Internacional do Algarve circuit in Portugal, Hamilton and team-mates Heikki Kovalainen, Pedro de la Rosa and Gary Paffett will head to western Finland for a five-day pre-season training camp at the Kuortane Sports Institute.

The centre has helped train some of the world's top athletes and Hamilton acknowledges that, not only does it provide the McLaren team with a useful distraction from the usual pressures of F1, but it also acts as a useful team-building exercise with mechanics and engineers joining the drivers for group exercises and tests on the Kuortane campus.

"Travelling to Finland for our winter training camp is one of the best weeks of the year for me," the Briton admitted.

"It feels like you're miles from anywhere and totally cut off from the outside world. It allows me to focus solely on my training, which is great.

"It's certainly not an easy week. Finland in the winter is cold and icy and we're pushed hard for day after day. We spend the first part of the week doing tests to monitor our core strength and flexibility and spend the rest of the time building on specific exercises that will help us once we're back in the car.

"After Brazil, it's good to get a proper rest because it's the one time of the year when you can relax your training a little - but Finland is when it all starts again in earnest."

Ballon d'Or will make me better, vows Ronaldo

Tue 02 Dec, 11:10 PM

MANCHESTER (AFP) - Cristiano Ronaldo believes winning the Ballon d'Or will only increase his drive to improve on the level of performance that earned him one of football's biggest individual prizes.

Ronaldo beat Barcelona's Lionel Messi and Liverpool striker Fernando Torres to the honour on the back of a phenomenal 2007-08 season in which he scored 42 goals for his Premier League and Champions League-winning club.

The 23-year-old dismissed suggestions that achieving one of his lifetime ambitions so early in his career would lead to him becoming complacent or increase the pressure on him to perform at the highest level every time he appears.

"I always play with pressure because people always expect a lot from me and I don't think that will change," Ronaldo told United's website, www.manutd.com.

"Winning this award makes me feel very happy inside because it's one of the best days of my life.

"But my responsibilities are still the same; I want to continue to play well for my club and my country and try to do as well as last season.

"Of course I can improve - there are many things I still need to learn.

"You can never let yourself think you know everything. I am still very ambitious and I will continue to work very hard every day. I know it will be very hard to better last season, but I will try - if you don't try you win nothing. A new season means a new challenge and I want to help the team win more trophies."

Ronaldo becomes the first United player to win the award since the late George Best in 1968. Denis Law and Sir Bobby Charlton were also honoured in the 60s and the Portuguese winger was proud to follow in the footsteps of three of Old Trafford's all-time greats.

"It's amazing that only four players in the club's history have won it, I didn't know that until yesterday," Ronaldo said.

"So it's special for the club and obviously for me and I feel very proud to be part of the history of the Ballon D'Or and the history of this club. You work hard to win team awards and personal awards, but to win this one is very special."

Barcelona captain Carlos Puyol congratulated Ronaldo, but insisted he would have plumped for Messi, judging the latter a better player.

"I think that the best player in the world in Leo Messi, and I say it because I see him play every day and I have never seen anything like it. Sooner or later, Messi will win the Ballon d'Or," Puyol said, according to Barcelona's website late Tuesday.