Last Updated: Tue, 06 May 2008 17:16
Super Aguri team have withdrawn from the Formula One World Championship because of a lack of funding.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 be missing from the grid for this Sunday's Turkish Grand Prix.
Super Aguri were denied access to the Istanbul circuit pending talks over their survival after well-publicised struggles since the collapse of a takeover deal by the Dubai-based Magma Group in April.
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."
British driver Anthony Davidson is now without an F1 drive.