Honda driver Jenson Button says he is shocked by the team's exit from Formula One but tells colleagues to try and stay upbeat.

Toyota issues statement in reaction to Honda's announcement

Dubai - Feature Race Quotes

Kobayashi takes victory in Feature Race

Dubai Race 1 - Result

Honda motor company CEO Takeo Fukui has apologised to Jenson Button after announcing the car manufacturer's decision to pull out of F1 immediately. 

Honda F1 CEO Nick Fry says he has three potential buyers for his outfit waiting in the wings after the Japanese company announced it was immediately pulling out of F1.

F1 will survive says Ecclestone

Fry talks of three potential buyers

The FIA announced on Friday that it believes it is now even more important to cut costs in Formula 1. 'The announcement of Honda's intended withdrawal from Formula One has confirmed the FIA's longstanding concern that the cost of competing in the World Championship is unsustainable,' a FIA statement said. In order to do so the FIA granted Cosworth the exclusive right to build a standard engine for Formula 1.

Dani Clos will get back behind the wheel of a Formula 1 car this Monday. At Jerez the Spaniard will be testing for the Williams F1 team again. It is Clos' second day of testing in Formula 1.

Honda team chief Nick Fry says three serious potential bidders for the Formula One team have already approached him.