Honda quitting F1

[StellenboschStudent]

What a sad sad day for F1.
Honda is planning to quit F1. They are looking for a buyer to buy them out before the start of the new season.
The only positive out of this is than Jenson Button will no longer be in F1, yeah!

But still very sad, Honda has been around for so long. Although they struggled this year they have been in F1 a long time, will be sad to see them go.

Lets hope someone has a lot of money in the current crisis and can bail them out... maybe Volkswagen, or Porsche??

 

[sox63]

What a sad sad day for F1.
Honda is planning to quit F1. They are looking for a buyer to buy them out before the start of the new season.
The only positive out of this is than Jenson Button will no longer be in F1, yeah!

But still very sad, Honda has been around for so long. Although they struggled this year they have been in F1 a long time, will be sad to see them go.

Lets hope someone has a lot of money in the current crisis and can bail them out... maybe Volkswagen, or Porsche??

http://www.wheels24.co.za/Content/F...09b/01-01-0001 12-01/F1 bombshell Honda quits

Some more info on this event.

You can't expect to spend ALL that money with NO RESULTS. Prudent decision from Honda. Toyota had a good season with a couple of podiums, so I guess maybe they may carry on, but if they are not in the points regularly, then they will be pulling out too at the end of the 2009 season.

But this is really a shock, I would sooner think Fiat to pack up than Honda.

 

[sand_man]

You can't expect to spend ALL that money with NO RESULTS. Prudent decision from Honda.

And that's always been the thing with F1, prohibitive costs of competing in such a competition. Unless you're going to win or come 2nd how does it benefit manufacturers financially? It cannot!!

 

[sox63]

And that's always been the thing with F1, prohibitive costs of competing in such a competition. Unless you're going to win or come 2nd how does it benefit manufacturers financially? It cannot!!

IMO, the benefits for competing in F1 are not really quantifiable. Besides the cut of television rights that they get from Bernie, and the advertising (which probably goes towards running the team), there is not much revenue in the sport.

I have always throught that the benefit comes in being associated with F1. Ferrari has come out and said that the success of the road going vehicles depends on how well they are doing in F1. And this is due rich people who pay anything to make themselves feel like they are Michael Schumacher. So that is where Ferrari benefits.

BMW had planned a big marketing drive around the time of launch of the V10 M5, and they planned to drum up the fact that the engine technology you get in F1, you can get in a family saloon. Then the FIA changed engine sizes to V8s. So for the likes of premium brands like Ferrari, AMG and BMW M-Cars, being in F1 can pay off.

 

[thinga]

Yes, I also battle to see the financial sense in spending so much money just to advertise the fact that you aren't doing well!!! Surely that money could pay for LOADS of better advertising and development? If you're in, you've got to perform.

 

[sand_man]

Ferrari has come out and said that the success of the road going vehicles depends on how well they are doing in F1.

Apparently Ferrari generate more income from the sale of their clothing range than from the sale of vehicles... and the motivation for their clothing range is driven (pun intended) by their supporters of F1....

 

[medicnick83]

F1 is one hellva expensive sport.

I'm not surprised Honda pulled out and I expect more teams to pull out... watch this space!

 

[killadoob]

Sorry but honda are shocking and need to quit F1 i agree. they are a lost cause and maybe whoever buys them will do better.

Gdi it is expensive but its also lucrative, something like 4m pounds points per point so you can imagine how much mercedes and ferrari cleaned up along with BMW and even Torro Rosso and a few other teams, as for the teams who got no points well that will hurt .

 

[JK8]

What a sad sad day for F1.
Honda is planning to quit F1. They are looking for a buyer to buy them out before the start of the new season.
The only positive out of this is than Jenson Button will no longer be in F1, yeah!

But still very sad, Honda has been around for so long. Although they struggled this year they have been in F1 a long time, will be sad to see them go.

Lets hope someone has a lot of money in the current crisis and can bail them out... maybe Volkswagen, or Porsche??

I dont like him to!! Actually hate all the Brits in racing and football, ITV commentators have a lot to do with decisions!

Porsche and VW now that will be perfect!! They have the money, theres been alot of news of them making the move but VW dismissed them all...
Its now their window of opportunity, the only problem now is that Honda left, I have a feeling other teams will follow... then its obviously not worth VWs money.

Apparently Ferrari generate more income from the sale of their clothing range than from the sale of vehicles... and the motivation for their clothing range is driven (pun intended) by their supporters of F1....

Errr nope, thats so wrong...

F1 is one hellva expensive sport.

I'm not surprised Honda pulled out and I expect more teams to pull out... watch this space!

Ye apparently Hondas selling their team minus support and engines for 300 Million pounds, thats the average cost of running a F1 a year...

 

[Zyzzyva]

Make the sport cheaper. The constant restrictions have created a situation where teams are spending more and more crazy money to negate the negative effects of the restrictions.

They should standardise some of the componants, and then spend more money on the race specticle. E.g. have more night and street races.

Im not talking about turning it into a1 gp, but too much money is spent on stuff which makes no difference. Rather spend money where it can be seen. Maybe they should push for better camera technology, and get us in the cars more. Being in an f1 car is probably the most awe inspiriig experience possible and i don;t think the current filming captures it.

 

[The_Unbeliever]

No sane car manufacturer will enter the F1 in this recession.

They will look at ways and means to cut their overhead expenses, not add to it.

 

[ToxicBunny]

T_L : problem is the race on sunday sales on monday phenomenon... which has been proven over and over again......

I think F1 needs to be the pinnacle of the sport, and maybe it needs to go back to "privateer" teams rather than big manufacturers.. but no standard components... Half the fun is which machine is better etc etc..

 

[The_Unbeliever]

I think F1 needs to be the pinnacle of the sport, and maybe it needs to go back to "privateer" teams rather than big manufacturers.. but no standard components... Half the fun is which machine is better etc etc..

That sounds more like fun - as they will be more inclined to cut out overheads and get to outperform the other teams with standard machinery and stuff... should be more fun and interesting to watch