Formula One’s growing restrictions have made the sport less attractive and reduced Honda’s incentive to rejoin a series it abandoned due to the global economic downturn, the company’s new chief executive said Monday.
Honda withdrew backing for its under-performing team last December, only to see new owners Brawn turn the outfit into championship leaders, and Japan’s second largest automaker said it would consider a return once it had recovered financially.
“It was a real shame that we had to leave Formula One,” Takanobu Ito, who took over as chief executive last month, told a media gathering in Tokyo.
“On the other hand, F1 is becoming …Â Details
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