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Honda out of F1
TOKYO -- Japanese automaker Honda has pulled out of Formula One, citing a slowdown in the global economy and a need to focus on its core business activities.
"We have come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season of participation," Honda CEO Takeo Fukui told a news conference Friday.
Fukui said the deteriorating world economic conditions led to the decision.
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...and so it begins.
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Don't fear the reaper.
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