|Friday, 28 July 2017, 10:31 HKT/SGT|
TOKYO, July 28, 2017 - (JCN Newswire) - Honda Motor Co., Ltd. today announced the technological partnership with the Sauber F1 Team, which was intended to start from 2018 onwards for the FIA(1) Formula One World Championship (F1), is no longer in place.
This project, that originated after an initial proposal from Sauber, has been called-off due to differences in the future direction between Honda and Sauber, recognized during the preparation process for power unit supply systems.
Masashi Yamamoto, General Manager, Motor Sports Division, Honda Motor Co., Ltd.
"We had built a good relationship with Sauber, and had been looking forward to entering the 2018 F1 season together. However, during discussions after management changes at the team, we reached a mutual agreement to call-off the project due to differences in the future directions of both parties. We would like to thank Sauber for their cooperation, and wish them all the best for their future.
Despite this announcement, Honda's passion for motorsports and strong commitment to Formula One remains unchanged."
About Sauber F1 Team
Location: Hinwil, Switzerland
Representative: Frederic Vasseur
First F1 race: 1993
Official website: http://www.sauberf1team.com/
(1) Federation Internationale de l'Automobile
Honda Motor Co., Ltd. (TSE:7267 / NYSE:HMC / LSE:HNDA) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually.
For more information, please visit http://world.honda.com.
July 28, 2017 10:31 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network
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