"We, Honda Motor Co Ltd, have come to the conclusion that we will withdraw from all FormulaOne activities, making 2008 the last season of our participation, " said Fukui.
The Brawn GP team was rescued from the brink of bankruptcy by Brawn and Nick Fry after Honda withdrew from FormulaOne at the end of 2008 due to the economic downturn.
Drop-offs from last year include boxer Floyd Mayweather (has not fought since December 2007), NFL players Ben Roethlisberger and Dwight Freeney (both made the 2008 list after inking contracts with big signing bonuses) and FormulaOne driver Fernando Alonso (just missed the cut).