TOKYO: Subaru team has become the latest to withdraw from next year's World Rally Championship as the economic downturn continues to hit motorsport.
Subaru said it would withdraw from the FIA World Rally Championship (WRC) at the end of the 2008 season, citing a "dramatically changed" business environment.
Suzuki announced its withdrawal from motor sport and Honda last week said it would sell its F1 racing team.
Subaru has won three manufacturer's championship titles and three driver's championship titles in its history of rally racing. FHI said this had helped enhance the value of the Subaru brand as well as expand sales worldwide.
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