News Details

Honda ups F1 budget to EUR 140 million - report

Oct.11 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 EUR 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. La Gazzetta dello Sport also reported that Honda has increased its F1 workforce from 250 people in 2017 to 450 this year. And team boss Christian Horner said the debut of a brand...
Full Story »
Share

You May Also Be Interested In...

Honda set to invest 140 million on their Power Unit...

Honda have had an impressive season so far but they are nowhere near...
6y ago from GPBlog.com

Haas' lousy season will hit 2020 budget - Steiner

Haas' depressed results this season will inevitably lead to a drop in...
6y ago from F1i.com

Red Bull-Honda will challenge Mercedes and Ferrari in...

Red Bull advisor Helmut Marko says he has faith that Honda will gain...
6y ago from GPFans.com

Helmut Marko: Honda engine will be as good as Mercedes...

Aston Martin Red Bull Racing's Helmut Marko believes that the Honda...
6y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Francesco Bagnaia rediscovers his ‘feeling' on...

Francesco Bagania has admitted he's rediscovered his feeling with the...

Popular On IndyCarToday.com

Josef Newgarden views 2026 as a ‘hard reset’ after...

Josef Newgarden is coming off one of his toughest years in IndyCar,...

Scott Dixon to be inducted into IMS Hall of Fame

The Indianapolis Motor Speedway Museum has announced today that IndyCar...
13h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Liverpool eye midfield fix with £100m Arsenal and Man...

Newcastle United midfielder Sandro Tonali has been linked with a move away...
13h ago from CaughtOffside.com

Euro giants line up move for Arsenal star amid...

AC Milan are already planning for a significant overhaul of their...
15h ago from CaughtOffside.com

Chelsea ‘advancing' in talks to sign striker who...

Chelsea are stepping up their pursuit of Julián Álvarez, with fresh...
23h ago from CaughtOffside.com

Man United & Arsenal target is interested in a...

Sandro Tonali’s future is attracting attention ahead of the summer...
23h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.