A press conference was held in Tokyo on Friday where Honda announced its retirement from Formula 1 at the end of 2021. The president of the Japanese company Takahiro Hachigo said that back in August he had warned the Red Bull management about a possible withdrawal from the championship.
“After extending the contract with Red Bull for one year, we thought a lot about how to complete the performances, – quotes the words of Takahiro Hachigo Motorsport Week. – In August, we shared our thoughts with Red Bull Racing, and at the end of September we made a final decision.
The decision to leave has nothing to do with declining profits or the coronavirus situation. The main reason is the need to use all engineering resources to achieve carbon neutrality by 2050.
I want to make sure that all of our technologies developed for Formula 1 can be geared towards achieving carbon neutrality by 2050. It is as difficult a task as creating an engine for Formula 1, but an interesting challenge awaits the engineers. The company’s management made the decision to leave after careful discussions.
This year we have seven more races, and then the whole next season. In 2021, we will introduce a new power plant and, together with Red Bull, will try to win the title. “