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Saturday, July 20, 2024

Andretti and Cadillac announce plans to enter Formula 1 2023 F1 season

Andretti has formally announced it intends to submit an entry to compete in the Formula 1 world championship in collaboration with General Motors brand Cadillac.

The two companies plan to submit an Expression of Interest when the FIA begins the process which was announced by president Mohammed Ben Sulayem last week.

Michael Andretti – former F1 driver, IndyCar champion and son of 1978 F1 champion Mario Andretti – has long sought an opportunity to enter F1. Andretti Global announced the construction of a major new headquarters in Indianapolis last year. Its F1 operation would be based in the US with a “support facility” in the UK.

“We are continuing to grow Andretti Global and its family of racing teams and always have our eyes on what’s next,” said Andretti. “I feel that we are well suited to be a new team for Formula 1 and can bring value to the series and our partners, and excitement for the fans.”

Andretti’s team has previously worked with GM in IndyCar, when it used Chevrolet engines in 2012. “I’m proud to have GM and Cadillac alongside us as we pursue this goal,” Andretti continued. “GM and Andretti share a legacy born out of the love of racing. We now have the opportunity to combine our motorsport passions and dedication to innovation to build a true American F1 bid.”

The FIA is yet to confirm how its process for admitting new teams will be structured. Andretti said “we will continue to follow procedures and steps put forth by the FIA during the evaluation process.

“In the meantime, we continue to optimistically prepare should we be fortunate enough to have Andretti Cadillac formally approved as a Formula 1 contender.”

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