Formula One news

Honda to announce retirement on Friday?

According to the latest reports in British media the Honda Formula 1 team will announce its retirement from Formula One on Friday morning. The Brackley based team will close down its factory if no buyer is found with a few weeks.

Reuters quoted a senior source at a rival team: "They have a month to find a buyer, otherwise they are closing the team."

If the Honda team would retire from Formula One there would be just 18 cars left on the grid next season.

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