Honda withdraws from Formula 1 in 2022 and in a statement, the Japanese brand announced that they are turning their backs on the pinnacle of motorsport for reasons relating to sustainability and the environment. However, this may not be the main reason. On Friday afternoon, the Italian Motorsport.com noted that Honda Motor Co., the parent company of Honda's motorsport division, was currently in a poor financial position. In August, it appeared that the Japanese were in the red as passenger car sales had fallen sharply, especially in the United States, India and Japan. The outbreak of the coronavirus played a major role there. Read more Hamilton may hinder plans for Verstappen: 'Lewis will...
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