Friday 11 October 2019

Formula 1: Honda Ups Its F1 Budget To €140 Million




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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