'No regrets' for Honda
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10-23-2009 | 09:05 PM
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'No regrets' for Honda
Formula One news: 'No regrets' for Honda - GPUpdate.net Formula One
Honda does not believe that it made the wrong decision to pull out of Formula One last December. After announcing its departure, the Japanese marque placed significant funds into the team now named Brawn GP, which clinched both the Drivers' and Constructors' world titles in Brazil on Sunday.
With critics having slammed Honda's timing for its exit from the sport, company CEO Takanobu Ito is convinced that no other option was possible. "There are no regrets," an interpreter explained as Ito talked to reporters outside Honda's Tokyo headquarters on Thursday night. "After our withdrawal, we saw our team doing extremely well; the reason why I say this is because of all the efforts we put into the team - prior to our withdrawal - led to this result."
With Ito having since taken the place of Takeo Fakui, he explained the decision of the latter. "Just a year ago, Mr. Fakui made the decision to withdraw from Formula One racing and I think that was the correct decision," he explained. "We do love Formula One racing but, even more than that, we had to think about our company; following the recession, our management environment had truly deteriorated, also due to the need to comply with environmental needs, meaning we had to develop new technologies - so that came first.
"I can definitely say that the hundreds of people who were working on and the tens of billions of yen (Japanese currency) which were spent for our Formula One project have been put towards the development of environmental technologies.
"Usually, when a manufacturer decides to withdraw from F1 racing, there are (internal) fights and problems but, fortunately, the team has succeeded - it has produced very good results so people seem to be very happy, which is quite unusual."
Honda does not believe that it made the wrong decision to pull out of Formula One last December. After announcing its departure, the Japanese marque placed significant funds into the team now named Brawn GP, which clinched both the Drivers' and Constructors' world titles in Brazil on Sunday.
With critics having slammed Honda's timing for its exit from the sport, company CEO Takanobu Ito is convinced that no other option was possible. "There are no regrets," an interpreter explained as Ito talked to reporters outside Honda's Tokyo headquarters on Thursday night. "After our withdrawal, we saw our team doing extremely well; the reason why I say this is because of all the efforts we put into the team - prior to our withdrawal - led to this result."
With Ito having since taken the place of Takeo Fakui, he explained the decision of the latter. "Just a year ago, Mr. Fakui made the decision to withdraw from Formula One racing and I think that was the correct decision," he explained. "We do love Formula One racing but, even more than that, we had to think about our company; following the recession, our management environment had truly deteriorated, also due to the need to comply with environmental needs, meaning we had to develop new technologies - so that came first.
"I can definitely say that the hundreds of people who were working on and the tens of billions of yen (Japanese currency) which were spent for our Formula One project have been put towards the development of environmental technologies.
"Usually, when a manufacturer decides to withdraw from F1 racing, there are (internal) fights and problems but, fortunately, the team has succeeded - it has produced very good results so people seem to be very happy, which is quite unusual."
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