Credit crunch forces Honda into shock pullout from Formula One

Pummeled by the credit crisis, collapsing global auto markets and an army of angry shareholders, Honda has pulled out of Formula One in a move that deals a huge symbolic blow to the company’s image and could plunge the sport into crisis.

Brakes must go on after Honda decision

Formula One has grown used to living in its own private dreamland in recent years. Protected by the four walls of its paddock, it has grown into a monster of extravagance that, even in times of record economic growth, was completely out of touch with the real world.

Hungarian GP preview: Honda F1

Round eleven of the 2008 FIA Formula One World Championship takes the Honda Racing F1 Team to Budapest for the Hungarian Grand Prix. The 70-lap race is one of the most technically and physically demanding of the year, thanks to the twisting and tortuous nature of the 4.381km (2.722-mile) Hungaroring.

Honda wants long-term Alonso deal

Jul.22 (GMM) Honda is stepping up its efforts to lure Fernando Alonso to the Japanese team for 2009 and beyond, according to a British newspaper on Tuesday.

Alonso set for $15m Honda switch

Aug.4 (GMM) Fernando Alonso is set to sign a $15m deal to race with Honda in 2009, according to the British newspaper The Guardian. The former double world champion is keen to return to winning ways as soon as possible following his disastrous McLaren tenure in 2007 and a return to an uncompetitive Renault team this year.

French GP preview: Honda F1

Round eight of the 2008 FIA Formula One World Championship takes the Honda Racing F1 Team to Magny Cours, a picturesque village situated in the Burgundy region of the Loire Valley, for the French Grand Prix. The 70-lap race takes place at the 4.411km (2.741-mile) Circuit de Nevers.