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F1: Honda Laments Aguri’s Demise
Written by: RACER & autosport.com
RACER Magazine   http://www.racer.com/speedtv
05/06/2008 - 08:08 AM
Hammamatsu, Japan
 
Honda claims it supported Aguri as much as it could. (LAT Photo) ยป More Photos

In the wake of Super Aguri’s withdrawal from Formula 1, the team’s engine partners Honda released a statement lamenting the independent squad’s demise.

Honda was the main supported of Aguri’s creation back in 2005, following a wave of pressure from Japanese fans after the Honda Racing team chose to replace driver Takuma Sato.

"Honda has continued to support the team as much as possible but Aguri Suzuki has come to Honda and expressed his decision to withdraw from Formula 1 as he is not capable of establishing a foundation for independent operation of the team," said the statement.

"The Super Aguri F1 team's withdrawal is indeed very disappointing for us but we understand that it was inevitable unless the team could find a way to stand alone by itself in the
future.

"We would like to express our thankfulness to the Super Aguri F1 Team and all the fans who have supported them for sharing the dreams and fighting together with Honda.

"Honda has been supporting the Super Aguri F1 Team by supplying engines and financial support amongst others since its establishment in 2005. Especially since 2007, we have been deeply involved in discussions together with the team to find sponsors and partners.

"At the beginning of the 2008 season, when the team started negotiations with the strong candidate Magma Group, Honda has actively cooperated by proposing many forms of support. Just when we thought the three groups have reached an agreement, we were told that Magma and their financial backers had decided not to pursue the deal."
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