Speaking at a press conference Friday afternoon, an emotionally-wrought Honda President Takeo Fukui described the slowdown in global auto sales as "beyond imagination", and said mounting business difficulties in November prompted his decision to exit global racing.
"Honda must protect its core business activities and secure the long term as widespread uncertainties in the economies around the globe continue to mount," Fukui said in a statement published on Honda's global Website. "A recovery is expected to take some time."

Better grab the Honda F1 scale models now cos they might worth a lot in near future!!