Honda's departure as an engine supplier had two primary reasons, explains Formula 1 CEO Chase Carey at Motorsport.com. The most important of these was financial. “The auto industry in general is having some challenges, and I think Honda clearly is living and struggling with those challenges. So I think that was the core issue”, Carey argues. “I think Honda felt those pressures existed today, and they had to make some decisions.” Read more Ferrari join Honda: 'Brand new engine for 2021' As a second reason, Carey mentions the company's desire to take steps to focus on CO2 neutrality and acting in a more climate-friendly way. This is also what Honda has emphasized as...
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