More news to shock to the motorsport world with confirmation that Subaru has pulled out of the World Rally Championship, with immediate effect. Speaking at a press conference on Tuesday, Chief Executive of Fuji Heavy Industries (Subaru’s owner), Ikuo Mori said, “Our business environment has changed dramatically due to the rapid deterioration of the global [...]

“We, Honda Motor Co., Ltd., have come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season of participation.” And with those words, Takeo Fukui, the chief executive of Honda Motors, confirmed the rumours and brought down the curtain on Honda as a Formula One constructor. However, the [...]

In dramatic news Honda is set to withdraw from Formula One. While news still filters in this decision is confirmed the team could be gone before Christmas. The Japanese manufacturer is frantically looking for a buyer, but if one can’t be found they will simply close the doors and wind the team up. No doubt, [...]

The Global Financial Crisis is biting hard on the home front, with news Holden will start 2009 with a series of production line closures from January through to March. This will affect as many as 3,400 workers, although they will still be eligible to claim a wage equivalent to four and a half days work [...]

On my drive home from work the other day I caught the start of Paul Barclay’s Australia Talks program on Radio National. The focus of discussion was on Australia’s car industry, with topics canvassed including: Ford’s decision to cut 350 jobs and the broader impact that will have on local employment The planned cut in [...]