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Honda could sell F1 team

Rumours abound this morning that Honda is trying to sell its F1 team, but will bow out next season is no buyer is found by the end of the month.
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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!