Last month Honda announced its departure from Formula 1, stressing that the reason of this decision comes from the corporate push towards sustainability and carbon neutrality.

Chase Carey however said that, in his opinion, the decision of leaving the Great Circus was caused by economic problems.

"I guess two things on the Honda decision", Carey told Wall Street analysts. "I think one is that it was, from my perspective, largely driven by economic challenges at the overall Honda entity. The auto industry in general is having some challenges, and I think Honda clearly is living and struggling with those challenges. So I think that was the core issue".

"There's no question that there are economics around the engine that we're going to address. But I think Honda felt those pressures existed today, and they had to make some decisions".

Chase Carey talked about also how Formula 1 is moving as well towards sustainability, setting also the goal of reach carbon neutrality by 2030.

"I think on the flip side, we actually are getting increasing support", he said. "And not just from the players that are in the sport, the OEMs that are in the sport, but OEMs that aren't. They're actually incredibly enthusiastic about our sustainability future, where we're going with the next generation engine".

"I don't know if you saw the quote a couple months ago from the CEO of Volkswagen, they couldn't have been more positive about where we're going, and the importance of us as a platform".

"So I think as we continue to flush out and put more information out there about our next generation engine and sustainability goals we're actually getting increasing support and interest from both existing partners and potential new partners about the importance of that to their future", said eventually Carey.

You may be also interested in: https://www.motorlat.com/notas/f1/17766/f1-perez-and-hulkenberg-on-the-red-bull-shortlist-is-the-team-gearing-up-for-verstappen-s-exit