Agag says Honda's F1 exit is bad news for all motorsport


FILE PHOTO: Alejandro Agag, Formula E CEO, speaks during an interview with Reuters ahead of round four of the Formula E championship in Buenos Aires January 8, 2015. REUTERS/Marcos Brindicci

LONDON (Reuters) - Honda's exit from Formula One at the end of next year is bad news for all motorsport, the founder of the electric Formula E series Alejandro Agag said on Friday.

The Japanese carmaker, which quit as an F1 constructor in 2008 but returned as an engine manufacturer in 2015, said it wanted to focus on zero-emission technology such as fuel cells and batteries.

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