LOS ANGELES - General Motors plans to enter Formula One with its Cadillac brand in 2026, after announcing on Nov 25 an agreement in principle with the Liberty Media-owned sport.
Hailing a landmark move to become the 11th team on the starting grid, the carmaker said it had also registered with the governing FIA as a power unit manufacturer to become a full works outfit by the end of the decade.
They will be the first new team since US-owned Haas debuted in 2016 and GM the sixth engine maker after Audi, Ferrari, Honda, Mercedes and Red Bull/Ford.
GM will partner TWG Global and Mario Andretti - the last US world champion in 1978 - will serve as a director on the team's board.
"My first love was Formula One and now, 70 years later, the F1 paddock is still my happy place," said the 84-year-old Andretti in a Cadillac statement.
"To still be involved at this stage of my life; I have to pinch myself to make sure I'm not dreaming."
This story is from the November 27, 2024 edition of The Straits Times.
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This story is from the November 27, 2024 edition of The Straits Times.
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