The companies will work together to develop a car within the confines of FIA's strict rules for the series, GM spokesman Michael Albano said. The announcement that the FIA would consider new applicants opened up another opportunity to participate, said Ryann Weatherford, an Andretti spokesperson.īy teaming up with Cadillac and, if successful, hiring an American driver, Andretti and GM would be able to field a "truly All-American team" in the sport, she said. Other brands, like Porsche and Audi, are also reportedly looking at ways to join the series.Īndretti Global previously attempted to join Formula One by purchasing one of the existing teams, but was unable to reach any sort of a deal. It costs hundreds of millions of dollars in just a single season to compete, but Formula One is seen as highly prestigious and regarded as the top tier of racing. Luxury car brands like Mercedes, Alfa Romeo, Aston Martin and, of course, Ferrari - a brand that, quite literally, made its name in Grand Prix racing - all compete in Formula One. Before 2022, the only Formula One races in the US in the past decade were held in Austin, TX. The Netflix documentary series "Drive to Survive" has been one factor that has increased the sport's visibility in the US, and races in Miami and Las Vegas have been added to the race calendar in recent years. Toyota competed from 2002 to 2009 and was reportedly among the sport's biggest spenders, but never won a single race.įormula 1 racing has found increased popularity in the United States, Cadillac's main market. The sport is incredibly expensive and teams can spend hundreds of millions of dollars annually. They cars can produce over 1,000 horsepower and reach speeds of over 200 miles per hour on track. If approved, GM and Andretti would field the Andretti Cadillac racing team in Formula One , widely considered to be the pinnacle of motorsports around the world.įormula One racing involves open-wheeled, winged cars that use V6 engines with hybrid technology. Together, they plan to submit a formal "Expression of Interest" to the Fédération Internationale de l'Automobile, or FIA, the sport's governing body.
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