The Super Aguri team have withdrawn from the Formula One World Championship because of a lack of funding. The Japanese team have wound up their racing activities with immediate effect and will not compete at this weekend's Turkish Grand Prix.
Super Aguri have been struggling for survival since the collapse of a takeover deal by the Dubai-based Magma Group in April. It means British driver Anthony Davidson is now without an F1 drive.
Team founder Aguri Suzuki, who broke the News
in Japan, said: "Regretfully I must inform you that the team will be ceasing racing activities. The loss of financial backing put the team into financial difficulties.
"With the help of Honda, we somehow managed to keep the team going, but we find it difficult to establish a way to continue the activities in the future so I have concluded to withdraw. I have been very happy that I was able to achieve a miracle and become a team owner."