Honda CEO Toshihiro Mibe revealed that the Japanese auto giant's return to Formula 1 as a standalone team in 2026 is part of a broader strategy aimed at merging performance, electrification, and brand relevance.
Mibe told reporters in Mexico City that Honda's business is concentrated in North America and benefits from F1's surge in popularity, thanks in part to Netflix. The company plans to use its strong relationship with the US market to fuel its business growth.
Honda has a long history of using racing as a platform for innovation, dating back to its motorcycle roots in the 1960s. The company won its first F1 race in 1965 and has since established itself as a major player in the sport.
As part of its return to F1, Honda will be focusing on developing sustainable technologies that meet the demands of both racing and consumer vehicles. In 2026, all F1 power units must be 50/50 electric and internal combustion, powered by eco-friendly fuel – an area where Honda has already made significant investments.
However, Mibe acknowledged that the technology developed for F1 will not directly translate to consumer cars. Nevertheless, many of the innovations and efficiency gains realized on the track can make their way into production vehicles.
"Honda's return to Formula 1 is a calculated business move," said Mibe. "We're using racing as a proving ground for new technologies that will benefit our consumer business."
The timing of Honda's return to F1 comes amid shifting consumer preferences and growing demand for electric vehicles. The company aims to capitalize on this trend while maintaining its position in the internal combustion engine market.
As part of its strategy, Honda is absorbing its four-wheel racing programs, including IndyCar and F1, into the Honda Racing Corporation (HRC). This move aims to provide stability for car racing and investment.
Honda's largest market is the US, where it holds around 9% of the automobile market. The company recently reported strong October sales in the US, driven by demand for internal combustion vehicles and electrified models like the popular CR-V hybrid.
With its return to F1, Honda aims to position itself as a leader in sustainable technologies and brand relevance. The company's CEO has stated that it sees F1 as an opportunity to develop new technologies that will benefit both racing and consumer vehicles.
In conclusion, Honda's decision to return to Formula 1 reflects the company's long-standing focus on innovation and performance. As the Japanese auto giant navigates shifting consumer preferences and growing demand for electric vehicles, its return to F1 represents a calculated business move aimed at merging performance, electrification, and brand relevance.
				
			Mibe told reporters in Mexico City that Honda's business is concentrated in North America and benefits from F1's surge in popularity, thanks in part to Netflix. The company plans to use its strong relationship with the US market to fuel its business growth.
Honda has a long history of using racing as a platform for innovation, dating back to its motorcycle roots in the 1960s. The company won its first F1 race in 1965 and has since established itself as a major player in the sport.
As part of its return to F1, Honda will be focusing on developing sustainable technologies that meet the demands of both racing and consumer vehicles. In 2026, all F1 power units must be 50/50 electric and internal combustion, powered by eco-friendly fuel – an area where Honda has already made significant investments.
However, Mibe acknowledged that the technology developed for F1 will not directly translate to consumer cars. Nevertheless, many of the innovations and efficiency gains realized on the track can make their way into production vehicles.
"Honda's return to Formula 1 is a calculated business move," said Mibe. "We're using racing as a proving ground for new technologies that will benefit our consumer business."
The timing of Honda's return to F1 comes amid shifting consumer preferences and growing demand for electric vehicles. The company aims to capitalize on this trend while maintaining its position in the internal combustion engine market.
As part of its strategy, Honda is absorbing its four-wheel racing programs, including IndyCar and F1, into the Honda Racing Corporation (HRC). This move aims to provide stability for car racing and investment.
Honda's largest market is the US, where it holds around 9% of the automobile market. The company recently reported strong October sales in the US, driven by demand for internal combustion vehicles and electrified models like the popular CR-V hybrid.
With its return to F1, Honda aims to position itself as a leader in sustainable technologies and brand relevance. The company's CEO has stated that it sees F1 as an opportunity to develop new technologies that will benefit both racing and consumer vehicles.
In conclusion, Honda's decision to return to Formula 1 reflects the company's long-standing focus on innovation and performance. As the Japanese auto giant navigates shifting consumer preferences and growing demand for electric vehicles, its return to F1 represents a calculated business move aimed at merging performance, electrification, and brand relevance.