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Tue, Dec 09, 2008
AFP
Red Bull 'not surprised' by Honda's F1 withdrawal

VIENNA - Austrian group Red Bull, main sponsors of two Formula One teams, said Saturday it was not surprised by the shock withdrawal of Japanese rivals Honda from the motor sport.

"Honda's withdrawal is not surprising," said Red Bull, owned by Austrian billionaire Dietrich Mateschitz. "Numerous other race teams are having similar thoughts.

"The main issue now is whether the reductions in costs all of us must make will come quickly enough to guarantee a sufficient number of teams carrying on."

Red Bull is the principal sponsor of two teams in Formula One: the England-based Red Bull team, with Renault engines, and the Italy-based Toro Rosso, whose cars use Ferrari engines.

"We will leave the teams decide whether to build them themselves or to have an independant constructor do it," Red Bull said.

Either way, Honda's withdrawal "will have no impact on the choice of Toro Rosso's pilots", it added.

Last season, Toro Rosso finished sixth in the constructors standings on 39 points with Red Bull a place behind, 10 points adrift. German Sebastian Vettel was the highest ranked driver for either team, the Toro Rosso pilot finished eighth in the drivers' standings with Red Bull's Mark Webber in 11th. Honda announced its withdrawal from Formula One on Friday, raising fresh fears over the future of the multi-million dollar sport struggling to keep afloat in the current economic downturn.

 

 
STORY INDEX
 
  Red Bull 'not surprised' by Honda's F1 withdrawal
   
 
  Japanese media criticise Honda over pull-out
   
 
  Honda pullout spells trouble for Senna junior
   
 
  Lexus hybrid sales still strong
   
 
  Potential buyers for Honda
   
 
  Formula One costs unsustainable, says governing FIA
   
 
  Cash-strapped Honda quits over financial crisis
   
 
  Toro Rosso keep Sato's F1 comeback hopes alive
   
 
  New Golf Plus premieres at Bologna Motor Show
   
 
  Volkswagen diesel car wins "Green Car of the Year"
   
>> RELATED STORY
Red Bull 'not surprised' by Honda's F1 withdrawal
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