Honda
is upping its Formula 1 budget for 2020, according to Italy's La Gazzetta dello
Sport.
The
move follows pressure on the Red Bull-Honda alliance from Max Verstappen and
his father Jos, who have indicated they could be on the move for 2021.
The
Italian sports newspaper claims that Honda is investing €140 million on
development of its 2020 engine, in order to catch Ferrari and Mercedes.
"The
big teams still have an advantage over us," Honda F1 boss Toyoharu Tanabe
told Spain's AS newspaper.
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