Concurrently, Honda a new partnership with Scuderia Toro Rosso on the supply of power units from the 2018 season of the FIA Formula One World Championship (F1). Based on this agreement, for the 2018 season, Honda will supply power units to one works team to be formed with Toro Rosso.

It is unfortunate that we must part ways with McLaren before fulfilling our ambitions, however, we made the decision with a belief that this is the best course of action for each other's future. On behalf of Honda, I would like to express my sincere gratitude to fans who have been very supportive of the team as well as the drivers, team members and everyone involved who shared with us in the joys and disappointments since we began preparing for our return to F1 in 2015. Honda will continue the fight together with McLaren all the way to the end of the 2017 season, and then continue its F1 racing activities in 2018 and beyond.

Toro Rosso is an experienced team with a youthful energy and history of nurturing the stars of the future. Everyone at Honda is looking forward to working with Toro Rosso, and we are excited to start this new chapter in our Formula 1 journey with them. I would like to express our appreciation to Liberty Media and the FIA for their cooperation toward the realization of this partnership. Honda and Toro Rosso will work as one team to strive for progress and a successful future together. We appreciate the support of our fans as we begin this challenge.

—Takahiro Hachigo, President & Representative Director of Honda Motor Co., Ltd.