The Honda Racing F1 Team was a Formula One racing team that competed in the FIA Formula One World Championship. Established in 2006, the team was a continuation of Honda's long history in motorsport, which began in the 1960s. The team aimed to develop competitive cars powered by Honda engines, achieving notable success during its time in the sport. In 2008, the team won its first and only race at the Hungarian Grand Prix, showcasing its potential. However, due to financial difficulties, Honda announced its withdrawal from Formula One at the end of the 2008 season, marking the end of the team's operations.