Honda sad about Michelin loss

Nick Fry, Chief Executive Officer of the Honda Racing F1 Team, has expressed the team's sadness at Michelin's decision to withdraw from Formula One competition at the end of 2006, this was announced earlier today.

Nick Fry, Chief Executive Officer "The Honda Racing F1 Team is saddened by the news that our tyre partner Michelin has decided to leave Formula One at the end of next season. Over the course of the past three years we have forged a very strong partnership and shared many special moments in our team's development. Whilst we believe that Michelin's departure will be a sad loss for the sport, we understand their reasons for this decision. We thank Michelin for the contribution it has made to our team and we look forward to working with the company for one final year in 2006. For our part, we will be doing everything possible to ensure that next season is the most successful yet for ourselves and Michelin."