It is very, very exciting for us to be with Andretti. “Today is the first step in what we hope will be the historic entry of General Motors into F1,” Reuss said. The two major players did a fantastic job of keeping their discussion private before making the big announcement on Thursday. When asked who his competitors for that prized F1 entry, Andretti responded, “They don’t share (the competition) with us.”Īccording to General Motors President Mark Reuss, Andretti Global and GM have been involved in discussion for a Formula One team for the past “four or five months.” I feel very, very confident that we’ll be on the grid soon.” We’re ahead of our competition to get there. “One thousand percent I believe (we’ve got a shot),” Andretti continued. We’ll be bringing a tremendous amount of support to Formula One. That was the one box we didn’t have checked that we do have checked now. “One of big things was what does Andretti bring to the party? Well, we’re bringing one of the biggest manufacturers in the world with General Motors and Cadillac. The 60-year-old Andretti remains undeterred and believes the combination of Andretti Global and Cadillac is an offer that Formula One can’t refuse. Any new entrant request requires the agreement of both F1 and the FIA.” “We all want to ensure the championship remains credible and stable and any new entrant request will be assessed on criteria to meet those objectives by all the relevant stakeholders.
“There is great interest in the F1 project at this time with a number of conversations continuing that are not as visible as others,” F1 said in a statement. 1 position among US automakers.Īndretti Global has already earned the support of FIA President Mohammed Bin Sulayem, who last week encouraged Formula One to immediately pursue adding an 11 th team to the F1.įormula One owners who are adamantly opposed to sharing the wealth that is currently divided by 10 teams with two entries each is led by Mercedes-AMG F1 principal Toto Wolff, a billionaire from Austria.įormula One issued a release shortly after news broke of the Andretti Global partnership with Cadillac on Thursday, stating there are other teams under consideration for an 11 th team.Īny decision on an expanded field must be made by both the FIA and Formula One – one entity cannot overrule the other. This year, however, GM passed Toyota for the No. General Motors President Mark Reuss Getty Imagesįrom a sports business angle, it’s an historic announcement marking General Motors’ first foray into the pinnacle of international motorsports, the Formula One World Championship.įor 77 years General Motors was the largest automotive manufacturer in the world before Toyota took that position in 2008.
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