Audi and Honda drop racing teams

A sure sign of the lousy economic times, Audi has announced that it will not support a factory effort in the 2009 Le Mans racing series. No word as to whether a private team might pick up where Audi is leaving off.

Full story here.

Honda too

Honda is pulling has just withdrew from F1 racing as a part of their cost-cutting efforts. Here's AutoObserver's take: Formula One Presence Is Victim of Honda Cost-Cutting

Here's Inside Line's take: Honda and Audi Make Surprise Announcements Leaving Racing Series

Categories: Audi,Auto Industry,Honda,Motorsports