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FWONA - Honda to withdraw from Formula One at end of 2021 season
Liberty Media Corporation Series A
Honda (HMC) will withdraw from Formula One (FWONA) at the end of the 2021 season as it shifts to a goal of carbon neutrality.Honda supplies engines to Red Bull Racing and Scuderia AlphaTauri.In its statement, HMC noted: “Toward this end, Honda needs to funnel its corporate resources in research and development into the areas of future power unit and energy technologies, including fuel cell vehicle and battery EV technologies, which will be the core of carbon-free technologies”.Press Release