Honda recently cut vehicle production due to the economic downturn and it is alleged are now selling off the team in a bid to save a further $500 million per year.
We expect an official announcement at 4pm today and will do our best to keep you up-to-date. If the Honda team folds, the 2009 season will start with only nine teams and 18 cars. Two teams and four cars fewer than this year. Stay tuned!