Society | Oct 03

Honda to leave Formula One

Oct 03 (NHK) - Honda Motor says it is withdrawing from Formula One. The carmaker will stop providing power units at the end of the 2021 season as the Japanese company pivots to a focus on green energy.

President and CEO Hachigo Takahiro said on Friday that the firm will use its expertise acquired from F1 to develop advanced energy technologies.

These include fuel cell and battery electric vehicles.

Honda became the first Japanese carmaker to participate in Formula One in 1964.

Vehicles with its engines won numerous times from the late 1980s to early 1990s.

The carmaker temporarily pulled out from the event in 2008 amid the global financial crisis. It later returned to the circuit, and has won five times in the 2019 and 2020 seasons.

Source: ANNnewsCH

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