Components 1 has reached an settlement in precept with Normal Motors to convey Cadillac to the Components 1 grid in 2026 as its eleventh workforce, however with out the Andretti identify on the entry.
The transfer follows the rejection by F1 of GM’s unique bid in January, which was partnered with the Andretti International group. That led to battle between F1 and workforce figurehead Michael Andretti over the Andretti household taking the case to US Congress, which led to an antitrust investigation by the Division of Justice.
However Michael Andretti introduced he was stepping again from the workforce in September, permitting Group 1001 CEO Dan Towriss to take over management.
Towriss is now utilizing TWG International, a holding firm led by businessman and philanthropist Mark Walter, because the ‘associate’ for the GM entry – successfully the identical workforce underneath an Andretti-less identify. Walter is the CEO of Guggenheim Capital, a diversified monetary companies agency with greater than $340 billion in property underneath administration. Based on Forbes, Walter is value $6 billion.
Components 1 acknowledged it was “happy to maneuver ahead with this utility course of and can present additional updates sooner or later” after the entity “achieved operational milestones and made clear their dedication to model the eleventh workforce GM/Cadillac, and that GM will enter as an engine provider at a later time”.
It’s understood that GM will construct its personal F1 engine for the 2028 season, which means it’s going to require a buyer energy unit from 2026.
“With Components 1’s continued progress plans within the US, now we have at all times believed that welcoming a formidable US model like GM/Cadillac to the grid and GM as a future energy unit provider might convey further worth and curiosity to the game,” stated Greg Maffei, President and CEO of F1’s proprietor Liberty Media.
“We credit score the management of Normal Motors and their companions with vital progress of their readiness to enter Components 1. We’re excited to maneuver ahead with the appliance course of for the GM/Cadillac workforce to enter the Championship in 2026.”
Mark Reuss, President of Normal Motors, acknowledged: “As the head of motorsports, F1 calls for boundary-pushing innovation and excellence. It’s an honor for Normal Motors and Cadillac to hitch the world’s premier racing sequence, and we’re dedicated to competing with ardour and integrity to raise the game for race followers all over the world.
“It is a international stage for us to display GM’s engineering experience and expertise management at a wholly new degree.”
Towriss, who’s CEO of TWG International’s motorsport enterprise, added: “We’re excited to associate with Normal Motors in bringing a dynamic presence to Components 1. Collectively, we’re assembling a world-class workforce that can embody American innovation and ship unforgettable moments to race followers all over the world.
“We admire the FIA and FOM’s assist of our utility and their recognition of the worth we are able to convey to the championship.”
On social media, Michael Andretti confirmed no laborious emotions and wrote: “The Cadillac F1 Staff is made up of a robust group of those that have labored tirelessly to construct an American works workforce. I’m very pleased with the laborious work they’ve put in and congratulate all concerned on this momentous subsequent step. I can be cheering for you!”
His father Mario, the 1978 Components 1 World Championship, reposted F1’s assertion on his X account and is known to be a director on the brand new workforce’s board.
