LONDON (Reuters) – Honda’s exit from Formula One at the end of next year is bad news for all motorsport, the founder of the electric Formula E series Alejandro Agag said on Friday.
The Japanese carmaker, which quit as an F1 constructor in 2008 but returned as an engine manufacturer in 2015, said it wanted to focus on zero-emission technology such as fuel cells and batteries.
The decision leaves Red Bull Racing and sister team AlphaTauri seeking engines for 2022 with only three manufacturers — Mercedes, Renault and Ferrari — remaining in Formula One.
Agag, whose city-based series has attracted strong manufacturer interest and enjoys full FIA world championship status, played down a suggestion that Honda’s move strengthened Formula E.
“I see it as bad news for motorsport in general. I don’t see this as good news for Formula E and bad news for Formula One,” the Spaniard, who is