Super Aguri have withdrawn from the Formula One World Championship following problems over funding.
The team, which owes engine and support supplier Honda around £100 million, had fought tooth and nail for its survival for many months.
A takeover by Magma Group, funded by Dubai money, collapsed last month and Honda were lukewarm about an 11th hour rescue bid from Germany's Weigl Group.
The team was effectively created to give an F1 seat to Japanese driver Takuma Sato, who was dropped by Honda in 2005, while Briton Anthony Davidson was chosen for the second car in 2008.
"Regretfully I must inform you that the team will be ceasing its racing activities as of today," team principal Aguri Suzuki stated on Tuesday morning.
"The team has competed against the many car manufacturer-backed teams and succeeded in obtaining its first points after only the 22nd race, finishing in ninth place overall in the 2007 constructors' championship.
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