Honda to bow out of F1 after 2021 season
The company, which currently supplies engines to Red Bull Racing, has been hit hard by the pandemic, and wants to move to EV technology
02 October 2020 - 12:32
Tokyo — Honda Motor will conclude its participation in the Formula One (F1) World Championship at the end of the 2021 season as the coronavirus pandemic dents car sales and the automotive industry undergoes a seismic shift towards electric vehicles (EVs).
The Japanese carmaker supplies engines to Red Bull Racing and Scuderia AlphaTauri. It bowed out of world’s most-prestigious automobile racing series once before, in the wake of the global financial crisis, but resumed competition in 2015 with the goal to win using its own energy management technologies...
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