Honda and Red Bull announce longer partnership from 2022 onwards
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F1 News
- GPblog.com
Honda will be leaving Formula 1 at the end of 2021, but on the weekend that Red Bull Racing came up with a special farewell livery for Honda, the two parties have now announced that they will continue to work together from 2022.
Honda already decided in 2020 that the engine project in Formula 1 would come to an end. The Japanese engine manufacturer wants to focus more on other projects and does not want to put the money in Formula 1 anymore. An agreement has been made with Red Bull, as they will take over the engines and develop them themselves.
Honda stays in F1
However, in a press release from Honda, it is now announced that Honda and Red Bull will continue to work together. There are three points in the new partnership. Red Bull Powertrains will become the owner of the Honda engine and all information about it, but Honda will still help to develop and produce the engine in 2022 and 2023. In addition, Red Bull will take over all personnel from Honda.
The two parties will also continue to cooperate in the area of talent development. Honda will continue their Formula Dream Project, of which Yuki Tsunoda is also still a part. ''I’m glad that we have reached an agreement with Red Bull Group covering all the details of the IP rights for the F1 Power Unit and in this way, Honda can still contribute to the motor racing world. We are now working hard to strengthen HRC’s structure, so that it can ensure our fans will be able to continue to enjoy Honda’s role in all types of motorsport,'' said Koji Watanabe of Honda.
Partnership with Honda
''Red Bull’s collaboration with Honda has been enormously successful and while our relationship in Formula 1 is changing, neither of us wish for that to be the end of the story. We are very pleased that our ambitious and exciting Red Bull Powertrains project will be strongly supported by Honda, technically and operationally, in 2022 and this will help ensure that Red Bull’s transition to the status of chassis and power unit manufacturer is seamless,'' Christian Horner revealed.
''Equally as exciting is the news that our collaboration with Honda will extend to a variety of motorsport activities, from driver development to other racing disciplines and even across the wider sporting world. This stretch of Honda’s Formula 1 voyage is coming to an end but together we are embarking on a new and fascinating journey'', concludes the Red Bull Racing team principal.