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Honda insists F1 project safe despite historic company losses

Summary by gptoday.com
May 19 Honda insists its Formula 1 program remains secure despite the carmaker announcing historic financial losses and a major strategic retreat from electric vehicles. The Japanese giant confirmed sweeping changes to its future direction after reporting massive EV-related losses for the fiscal year ending March 2026. The company admitted...
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Despite historical financial losses and a major strategic change in its future in electric power, Honda assures that its commitment to Formula 1 is not in question. The Japanese manufacturer, which became Aston Martin's official motorist with the arrival of the new engine regulation, is currently going through a difficult economic period after having recorded the first annual deficit results in its history as a company (...)

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gptoday.com broke the news on Tuesday, May 19, 2026.
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