Toyota have today made it clear they will not be following Honda out of Formula One.

Jenson Button has vowed to remain positive after shaking off the shock of learning of Honda’s withdrawal today from Formula One.

Honda CEO Nick Fry today revealed a trio of prospective buyers have already made clear their interest in taking over the team.

FIA president Max Mosley has vowed to push through vital cost-cutting measures to safeguard the future of Formula One as Honda prepare to leave the sport.

Honda will pull out of Formula One unless a buyer can be found by the end of the month, it said today.