Honda confirms CART pull-out.

Honda Performance Development has confirmed suspicions that it would withdraw from the CART FedEx series by announcing that it will not continue beyond the end of the 2002 campaign.

CART's decision to adopt a new, normally aspirated, 3.5-litre engine formula for 2003 has been cited as the reason for Honda to discontinue its participation, as the company claims that it would not be possible to build an all-new powerplant in the time allowed.

"This decision is a great disappointment to Honda, as we have informed CART from the beginning of the process that it is impossible to supply a new engine conforming to their proposed specifications prior to the 2004 season," said Tom Elliott, the president of Honda Performance Development.

"Over the past months, CART has implemented engine rules changes that run counter to long established regulations that govern engine rules stability. These actions are a clear indication that Honda can no longer put its trust in the CART rule book or those who administer it."

According to sources, it would take Honda two years to design, test, and develop an all-new racing engine. This two-year timetable is in accordance with CART rules and regulations, but the company feels that it is impossible for Honda to continue to develop and produce the current turbo-charged engine for the 2002 season and, at the same time, divert the resources needed to develop an all new 3.5-litre, normally aspirated, engine in the timetable CART has adopted. It is even more problematic since the technical specifications of the new engine will not be known for at least another month or two.

"Honda invests tremendous amounts of time, money and resources in its racing programmes," Elliot continued, "and confidence is an integral part of this long-term commitment. Honda cannot work in an environment where the sanctioning body has such little regard for its engine manufacturers."

Honda has recognised that its teams and drivers have contributed much to the company's racing legacy, and confirmed that it would continue to support these teams with "the most competitive engine possible for the 2002 season".

Since joining CART in 1994, Honda has won 60 races and 60 poles in 143 races. It has also won five consecutive drivers' championships and three manufacturers' championships - the most of any company since the inception of the engine-based championship.