Earlier quoted context omitted.
Which is crazy, given the fact that Max Verstappen's Honda-powered Red Bull is the only car on the gird that can put up any challenge whatsoever against Mercedes and a Honda-powered Alpha Tauri _won_ at Monza (a circuit where engine performance is critical).
Even more crazy is that when they had very their own team they disbanded it ... only for Ross Brawn to lead an MBO, create a "new" team and win both the Constructors Championship and the Drivers Championship THE VERY NEXT SEASON season before it was bought by Mercedes, who went on to do rather well. Honda were on the cusp of dominating F1 and decided "nahhh". I wonder if it's actually not that good for business - oth…
It's actually pretty bad for business. Like European football, it's basically a money pit that generates good indirect returns only to the very top teams. That's why it struggles to keep 10 teams on the grid every year (of whom 3 are effectively "B-teams", one is half-owned by another's boss, one is driven by pilots managed by that same boss...).
That's why manufacturers as massive as Honda and Toyota never stick around F1 for long: they come in, realize how much money and time they will really need to waste to get any hope of winning trophies, and just pull the plug.