News Details
Carey: Honda exit driven by economic challenges
Honda's decision to leave Formula 1 at the end of 2021 is primarily due to economic concerns within the company, says the sport's CEO Chase Carey. An exit that the Japanese engine supplier said was influenced by its decision 'to strive for the realization of carbon neutrality by 2050' and develop related technologies, Carey suggests sustainability was not actually the prime motivator behind their exit. 'I guess two things on the Honda decision,' Carey said in a conference call with investors on Thursday after F1 announced its Q3 results. 'I think one is that it was, from my perspective, largely driven by economic challenges at the overall Honda entity. 'The auto industry in general is...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Could flax fibres eventually replace carbon fibre?
Two companies have been working together to develop a modern, sustainable...
4y ago from FormulaSpy.com
F1 will address 'economics' around 2026 engine - Carey
F1 boss Chase Carey says Honda's decision to leave the sport at the end...
4y ago from F1i.com
Carey: 'Honda exit a financial call'
Honda's departure as an engine supplier had two primary reasons, explains...
4y ago from GPBlog.com
Carey: 'Honda exit is a financial call'
Honda's departure as an engine supplier had two primary reasons, explains...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
2d ago from MotorsportWeek.c...
Jorge Martin provides injury update after Qatar MotoGP...
World Champion Jorge Martin says he is still experiencing “intense...
22h ago from MotorsportWeek.c...
Jorge Martin faces at least two weeks in Qatar hospital
No description available...
3d ago from Motorsport.com
Fabio Di Giannantonio horrified hitting a fallen Jorge...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar outlines replacement driver rules for Indy 500
The NTT IndyCar Series has released updated guidelines that will be...
1d ago from MotorsportWeek.c...
NFL star Rob Gronkowski named Grand Marshal of Indy...
Indianapolis Motor Speedway announced a unique appointment on Wednesday,...
1d ago from MotorsportWeek.c...
IndyCar sees 50% viewership drop on FOX after going...
No description available...
4d ago from Motorsport.com
From Europe to America: Dennis Hauger on why he...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Details of WRC’s first rally in Paraguay emerge
No description available...
1w ago from Motorsport.com
Outback diplomacy: Finnish ambassador braves...
o Haapea hopes to raise $30,000 for cancer research as he navigates the...
1w ago from TheGuardian.com
Popular On GunnersToday.com
25 G/A 'gifted' star has received transfer offer from...
Liverpool may reportedly be in for an exciting transfer this summer that...
59m ago from CaughtOffside.com
Breaking: Arsenal cleared to try AGAIN for stunning...
Arsenal look to have been handed a huge boost as it now looks like Aston...
1h ago from CaughtOffside.com
Real Madrid bosses approve 120m transfer move for...
Real Madrid president Florentino Perez and CEO Jose Angel Sanchez have...
1h ago from CaughtOffside.com
'He can ask to leave' – ex-Arsenal defender...
Arsenal have shown over the last 18 months that they have an excellent...
1h ago from CaughtOffside.com
Comments
Hottest News
George Russell offers surprise opinion on Max Verstappen to...
George Russell does not fear Max Verstappen... Read More »
59m ago from RacingNews365.com
Helmut Marko identifies dream Red Bull replacement
Who does Helmut Marko want to replace him when he... Read More »
4h ago from RacingNews365.com
Oscar Piastri expecting equal McLaren treatment with...
Oscar Piastri has admitted he is expecting... Read More »
1h ago from MotorsportWeek.com
