9 Dec 2008

Williams CEO expects another team to go

6:28 am on 9 December 2008

The Williams team's chief chief executive says Honda is likely to be followed out of Formula One by another manufacturer before the start of next season

Adam Parr says the sport will probably lose another team before the beginning of next season in Australia on March 29 and there is a very high chance it will be a manufacturer.

Honda announced on Friday it was quitting for financial reasons, leaving the British-based team desperately seeking a buyer in the face of a global credit crunch.

The other carmakers involved in Formula One are BMW, Mercedes, Renault, Toyota and Fiat, which owns Ferrari.

All are being battered by the economic crisis, halting production and laying off workers as sales plunge to their lowest levels in years.