Following weeks of speculation concerning the future of the team, Super Aguri announced Tuesday that they are to withdraw from the 2008 FIA Formula One World Championship with immediate effect.
Super Aguri, founded by former driver Aguri Suzuki, had been participating in Formula One racing since the 2006 season. The Japanese team, who scored their first championship points after only 22 races (Spanish Grand Prix, 2007) and finished ninth in the 2007 constructors’ championship, will cease all activities as of May 6, 2008.
The Honda-powered team, whose driver line-up comprised Takuma Sato and Anthony Davidson, ran into financial difficulties last year, and completed little winter testing ahead of the 2008 season as a result. A planned buyout by the Magma Group looked set to save the team until that fell through last month, and only last week Suzuki expressed optimism about a new deal with German automotive company Weigl.
Detail Report: http://www.formula1.com/news/headlines/2008/5/7730.html
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