Starting from the 2015 season, Honda will develop, manufacture and supply the power unit, which includes the engine and energy recovery system, in a new team called McLaren Honda. McLaren will be responsible for the development and manufacture of the chassis, and the management of the new team.
Honda will develop a new 1.6 liter direct injection turbocharged V6 engine with energy recovery systems, since this type of engines will be the ones used starting from the 2014 season.
The Japanese car-maker has a great history in Formula One, having won the driver's and constructors' championship titles for four consecutive years from 1988 through 1991. Honda also participated between 1964 to 1968 (an "all Honda" team including both the engine and chassis), 2000 to 2005 (engine supplier and joint developer of the chassis) and 2006 to 2008: (with an "all Honda" team including both the engine and chassis).
Source: Honda