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
Famous quotes containing the word history:
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—Sidney Buchman (1902–1975)
“Let us not underrate the value of a fact; it will one day flower in a truth. It is astonishing how few facts of importance are added in a century to the natural history of any animal. The natural history of man himself is still being gradually written.”
—Henry David Thoreau (1817–1862)
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—Mary B. Clay, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 3, by Susan B. Anthony and Ida Husted Harper (1902)