Formula One news

Ecclestone: Honda no great loss for F1

Formula One boss Bernie Ecclestone has hit out at Honda as the Japanese car manufacturer announced its retirement from Formula 1 last week. Ecclestone believes teams such as Honda can be missed from F1 as the company were a terrible example to other teams in terms of financial investments and results.

"Honda will be no great loss," Ecclestone told British newspaper Telegraph on Thursday. "Just look at where they finished in the championship - ninth. They wasted millions and were a bad example to other teams.

"Now they've gone, we've got a chance to bring in some sense to the teams about how much they should spend. I'm keen for the team to be kept in place. We have whittled it down to three serious potential buyers."

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