Sauber has confirmed that its planned Formula 1 engine deal and technical partnership with Honda for 2018 has been canceled.
Sauber announced at the end of April that it had struck a deal to use Honda power units from 2018 as part of a new partnership with the Japanese manufacturer, brokered by then-CEO and team boss Monisha Kaltenborn.
Kaltenborn’s departure ahead of the Azerbaijan Grand Prix in June threw the deal into doubt amid a dispute with team chairman Pascal Picci, with the incoming Frederic Vasseur tasked with resolving the matter.
In a statement issued by Sauber on Thursday, it was confirmed that the deal with Honda had been canceled, the team adding that its new engine partner would be “announced shortly”.
“It is very unfortunate that we have to discontinue the planned collaboration with Honda at this stage,” Vasseur said.
“However, this decision has been made for strategic reasons, and with the best intent for the future of the Sauber F1 Team in mind.
“We would like to thank Honda for their collaboration, and wish them all the best for their future in Formula 1.”