Honda Motor Co. will return to Formula One racing in 2015 as an engine supplier to its former partner, McLaren of Britain, sources said Wednesday.
Honda President Takanobu Ito will officially announce the move as early as this week, they said.
The company plans to supply new engines with small displacement.
Honda withdrew from the F1 grid in 2008 when it faced financial difficulties following the collapse of U.S. investment bank Lehman Brothers Holdings Inc.
The automaker's earnings have improved recently on the back of the yen's weakening and enhanced vehicle lineups.
Honda participated in F1 from 1964 to 1968, from 1983 to 1992 and from 2000 to 2008. In its second stint, Honda won 69 races with renowned Brazilian driver Ayrton Senna among those at the wheel.