Does Formula 1 have a problem? "Major manufacturers stop within two years
F1 News
- GPblog.com
These are financially difficult times for many companies because of the corona crisis, this also applies to parties involved in Formula 1. Not only the smaller teams will have a hard time, also the bigger players will have a hard time in the coming years, including Honda and Mercedes. That's Eddy Jordan's lecture.
Eddie Jordan thinks Honda will pull the plug on the Formula 1 project with Red Bull within two years, because of the financial household and the changing world. The pandemic will continue to cause economic damage in the coming years while hopefully the virus will already be under control by then.
"Standards and values are changing"
The former Formula 1 team boss thinks that the world will soon look at Formula 1 in a different way, with large companies reconsidering whether sponsoring the Formula 1 fits into the picture of the 'new' world.
"The corona crisis will not only change the world itself. People's norms and values will change and environmental awareness will be high on everyone's agenda. As a result, large companies will also start thinking about that", the Irishman begins his argument to F1 insider. He thinks that large car companies will make a new assessment, which will cause Formula 1 to fear.
"Large manufacturers such as Mercedes, Renault and engine supplier Honda will therefore stop projects in Formula 1 within two years. Only Ferrari will remain in the sport, They are different, F1 flows through their veins". Jordan closes with another prediction: "In the coming years Formula 1 will consist of Ferrari, Red Bull and Mclaren-Mercedes".