History
During the 1992 season, Honda announced that they would end their engine supply programme that had existed since 1984. This was due to Honda's desire for a new challenge after dominating in Formula One, with Honda deciding to move to the CART championship in North America.
However, engineers at Honda decided to launch their own separate project by attempting to build a full Formula One car, something Honda had not done since the 1960s. Honda at the time encouraged engineers to create their own projects in an attempt to motivate and boost morale. Funds from Honda's motorsports budget were specifically put aside each year for engineers to be able to realistically create these projects. These projects were however not backed by Honda Motor Company, and the engineers actually had to work on their personal projects on their own time.
Read more about this topic: Honda RC100
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“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
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—Henry David Thoreau (1817–1862)