Super Aguri, Japanese team, have withdrawn from the 2008 Formula One world championship after teetering on the brink of collapse for a number of weeks. "Regretfully, I must inform you that the team will be ceasing its racing activities as of today," said founder Aguri Suzuki in a statement on Tuesday.
Super Aguri went on to compete in Australia, Malaysia and Bahrain on the back of promised funds from Magma Group and DIC, only for the latter to pull the plug on the deal. A series of negotiations with engine supplier Honda, who have supported Super Aguri since their arrival in F1 more than two years ago, helped the team through the Spanish Grand Prix in Barcelona.
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