Honda leaving F1 for financial reasons says Carey

That is the view of F1 CEO Chase Carey, contrary to the Japanese manufacturer’s official explanation as to why it is ending its collaboration with Red Bull and leaving the sport after 2021. However, Carey is quoted by Marca sports newspaper: “I think the decision was made primarily because of economic challenges within the Honda group. “There is no doubt that the economics with this Formula 1 engine must also be taken into account,” Carey admitted. “But I think that Honda felt that greater economic pressures were coming and some decisions had to be made.”. Indeed, Carey said he is upbeat about the future of Formula 1’s engine regulations.

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