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Carey pleased to resolve F1 2018 engine quagmire, keep Honda in sport

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Formula 1 CEO and chairman Chase Carey is pleased to have resolved the long-running engine saga involving McLaren and Honda, keeping the latter in the sport for the 2018 season.

In a series of announcements made on Friday in Singapore, McLaren and Honda confirmed they would be parting company by mutual consent at the end of the season after three tough years together.

Honda will switch its allegiance to Toro Rosso, whose current engine supplier Renault will move in the opposite direction and power McLaren in 2018.

The deal ensures that four major manufacturers remain involved in F1, as well as keeping all teams on the right timeframe to get their 2018 cars ready in time.

“We are pleased that the teams and constructors involved in these intensive and complex discussions have reached an agreement satisfactory to all concerned,” Carey said, having played a role in discussions with the interested parties in recent weeks.

“We had put ourselves at the disposal of the various parties to try and facilitate the best possible outcome for everyone.

“It is particularly important that Honda, one of the main manufacturers in the motor industry and a company that has played an important role in the history of motorsport, will still be in Formula 1 for years to come.

“We’re all looking forward to working together with all the teams and manufacturers to make our sport more exciting and spectacular for the fans all over the world.”

Carey took over from Bernie Ecclestone as F1’s ringmaster back in January following the completion of Liberty Media’s acquisition of the sport.

Montreal Mayor cancels Formula E’s planned season four finale

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New Montreal Mayor Valérie Plante has cancelled the FIA Formula E Championship’s planned season four finale, which was set for two races on July 28 and 29, 2018, citing what was termed a “financial fiasco.”

Plante was elected to replace Denis Coderre in the role, and didn’t follow Coderre’s support of the event.

She announced the news today citing financial and logistical challenges she didn’t feel the city could overcome.

Via a report in the CBC, Plante’s administration estimated a potential cost of up to $35 million would needed to be paid by the city’s taxpayers for the event’s second running. Additionally, a nonprofit organization reportedly owes creditors some $9.5 million.

Plante revealed details today in a series of messages posted on Twitter, which you can see in order below.

A Formula E spokesperson supplied a statement of the surprise news to e-racing365.com:

Formula E’s fourth season underwent one calendar change with a return to Punta Del Este, Uruguay replacing a cancelled race in Sao Paulo, Brazil. Whether a replacement can be sourced for this race weekend will now remain to be seen.