Honda is bailing out of Formula One racing.  Honda is supposed to be made from money and physically incapable of fail, but things must be looking bleaker if the manufacturer is pulling out of the world’s most popular autoracing league altogether, to focus more on its core business.  Honda’s “core business” must also consist of being the sole engine supplier for IRL, as it extended its contract with that league through 2013 earlier this year.

In related racing fail news, Petty Enterprises – the company founded and (until recently) owned by the Petty family, who are kind of like the Mannings of NASCAR – is essentially no more, having merged with another racing team.  For those of you who don’t follow NASCAR, this is something like the Windsors abandoning the British throne.