Carey: Important to keep Honda in Formula 1
16 September 2017 – Formula 1 CEO Chase Carey says it was "particularly important" for the sport to keep Honda as a competitor, following the news that the brand will power Toro Rosso in 2018.
Honda initially linked up with Sauber to act as a customer team next year, alongside McLaren, meaning the manufacturer was poised to supply two operations.
However, Sauber cancelled its planned deal, while McLaren sought to dump the company, leaving Honda in danger of being squeezed out of the sport.
Honda, though, ultimately reached a multi-year agreement with Toro Rosso, with senior figures from Formula 1 also involved in the negotiations, in order to keep Honda in the sport.
"We are pleased that the teams and constructors involved in these intensive and complex discussions have reached an agreement satisfactory to all concerned," said Carey.
"We had put ourselves at the disposal of the various parties to try and facilitate the best possible outcome for everyone.
"It is particularly important that Honda, one of the main manufacturers in the motor industry and a company that has played an important role in the history of motorsport, will still be in Formula 1 for years to come.
"We're all looking forward to working together with all the teams and manufacturers to make our sport more exciting and spectacular for the fans all over the world."
Honda has struggled for reliability and performance since its Formula 1 return in 2015.