Super Aguri Formula One Team has today announced its withdrawal from the 2008 FIA Formula One World Championship.

Participating in Formula One since the 2006 season, the Team, which scored its first championship points after only 22 races (Spanish Grand Prix, 2007) and finished ninth overall in the 2007 Constructors’ Championship, will cease all activities as of 6th May 2008.
Aguri Suzuki, Team Principal, SUPER AGURI F1 TEAM

“In order to realize my dream to become an owner of a Formula One Team, I applied for a grid position in the FIA Formula One World Championship in November 2005. Since then, I have participated in the championship for 2 years and 4 months as the SUPER AGURI F1 TEAM, but regretfully I must inform you that the team will be ceasing its racing activities as of today.

The team has competed against the many car manufacturer backed teams and has succeeded in obtaining the first points after only the 22nd race finishing in 9th place overall in the 2007 Constructors’ Championship. However, the breach of contract by the promised partner SS United Group Company Limited resulted in the loss of financial backing and immediately put the team into financial difficulties. Also, the change in direction of the environment surrounding the team, in terms of the use of customer chassis, has affected our ability to find partners.

Meanwhile, with the help of Honda, we have somehow managed to keep the team going, but we find it difficult to establish a way to continue the activities in the future within the environment surrounding F1 and as a result, I have concluded to withdraw from the Championship.

I would like to express my deepest thanks to Honda, Bridgestone, the sponsors, all the people who have given us advise during various situations over the past couple of years all the Team Staff who have kept their motivations high and always done their best, Anthony Davidson who has always pushed to the limit despite the very difficult conditions, Takuma Sato who has been with us from the very start and has always fought hard and led the team and lastly our fans from all over the world who have loyally supported the SUPER AGURI F1 TEAM."

Honda sad about Aguri's exit
The Honda Formula 1 team has said it is sad to see Japanese team Super Aguri withdrawn from Formula One. The Super Aguri team made its announcement on Tuesday morning. Car manufacturer Honda supported the team since its establishment in 2005.

In a statement Honda said: At the beginning of the 2008 season, when the team started negotiations with the strong candidate MAGMA Group, Honda has actively cooperated by proposing many forms of support. Just when we thought the three groups have reached an agreement, we were told that MAGMA and their financial backers had decided not to pursue the deal.

Honda has continued to support the team as much as possible but Aguri Suzuki, Team Principal has come to Honda and expressed his decision to withdraw from Formula One as he is not capable of establishing a foundation for independent operation of the team.

The Super Aguri F1 Team's withdrawal is indeed very disappointing for us but we understand that it was inevitable unless the team could find a way to stand alone by itself in the future.

We would like to express our thankfulness to the Super Aguri F1 Team and all the fans who have supported them for sharing the dreams and fighting together with Honda.

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