On December 5th Honda CEO Fukui announced Honda pulled out of Formula One. It had been over 40 years that the founder, Soichiro Honda decided to take part in F1. Since then Honda had made history and moved us. The sales for this term was really bad. It was a decrease in sales of 42% compared the previous year. And in 2005 EU limited the advertisement of tobacco strictly, so the formula one world lost big sponsors. As for racing achievement Honda had been sluggish for several years, so Honda couldn’t promote their cars. Because of these situations, Honda had a difficulty in paying an annual expense of more than 50 billion yen. Honda had to pull out of F1. I was sad to hear that news, now I am looking forward to seeing Honda’s machine in F1 race.
