Honda's F1 pull-out shows earnings power sapped by COVID

Situation worse than 2008 financial crisis as electric vehicle pressure mounts

RYOSUKE HANADA, TOMOYOSHI OSHIKIRI and TSUYOSHI TAMEHIRO, Nikkei staff writers

TOKYO -- Honda Motor has said it will pull out of Formula One at the end of the 2021 season, choosing instead to focus management resources on next-generation environmental vehicles.

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