Despite the desire of the FIA to reduce to the costs involved in Formula One, the global economic situation has claimed its first big victim with Honda announcing it is pulling out of the sport with immediate effect.

A lone win in 2006 thanks to Jenson Button is all Honda has to show for the hundreds of millions of pounds it has spent on chasing success, with the past two seasons having seen the team drop towards the rear of the field despite reports suggesting it has spent more than any of its rivals.

However, with one of the major manufacturers deciding it can no longer fund a Formula One team, it begs the question, what does the future hold for the remaining nine teams?

Will Honda be the only outfit to fall by the wayside or is the F1 grid going to lose more cars before the 2009 season gets underway?

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