Honda Exits F1 Race as Economy Hits Car Industry
ZHANG: As Japans economy slows, Honda Motors is cutting back on extra expenses. Heres more. STORY: Japan’s No. 2 automaker Honda is pulling out of Formula One racing, in a road sign of tough economic times. CEO Takeo Fukui, who joined Honda because of its F1 ties, said Friday the tough decision to leave the racing track was dictated by the financial considerations. [Takeo Fukui, Honda Motors]: “This difficult decision has been made in light of the quickly deteriorating operating environment …
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Honda Exits F1 Race as Economy Hits Car Industry
