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Honda to stay in F1 in 2021

Despite heavy costs, automaker to commit to supplying engines after successful season

Red Bull Racing's Dutch driver Max Verstappen competes during the German F1 Grand Prix race.

TOKYO -- Honda will continue to supply engines to two Formula One racing teams as its contracts with them will be renewed after they expire next year, Nikkei learned on Wednesday.

The Japanese automaker has been supplying power units to cars competing in the championships since 2015. Its current contracts are with England’s Red Bull Racing and Italy's Scuderia Toro Rosso. These contracts will be renewed for the 2021 season after they expire next year. 

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