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“Cadillac and F1 both have growing global appeal,” said Mark Reuss, the president of General Motors.

Why $200m won’t convince teams on Andretti’s Formula 1 plansĬadillac’s interest in Formula 1 follows an expansion of its racing operations in recent times to include an entry to the World Endurance Championship under the new LMDh regulations.

Andretti wants to give American drivers "legitimate shot" in F1.

Domenicali: F1 doesn’t need new teams like Andretti.

We want to make this an all-American effort to make sure we have an American driver in the seat.” Read Also:

“Colton we have under contract right now in Indycar. I think you all know who is leading the pack on that one.

A satellite facility would also operate out of Europe for the team, as well as aiding with Andretti’s other racing interests.Īsked by Autosport if the plan was still to hand Herta one of the seats, Andretti said: “We definitely have plan to have an American driver. The team would operate chiefly out of the new Andretti Global headquarters that is under construction in Fishers, Indiana, due to start operations in 2025. The potential team would initially receive a power unit supply from another engine manufacturer, but both Andretti and Cadillac are set to offer technical support as part of a collaboration. “But we are going to be on-track when it all makes sense to be on-track,” he added. We now have the opportunity to combine our motorsport passions and dedication to innovation to build a true American F1 bid.”Īndretti, the chairman and CEO of Andretti Global, would not be drawn on when the new team would be ready to join the grid, saying it would “depend on the expression of interest, how long that takes, and where we are at the time.”

GM and Andretti share a legacy born out of the love of racing. “I’m proud to have GM and Cadillac alongside us as we pursue this goal.