He earlier made this desire known and, after competing in F1 during the 1993 season for McLaren, earning a single podium in a protracted season, and after watching his father, Mario Andretti, earn the most recent American F1 championship in 1978, the second-generation driver turned team owner has found a partner who, he believes, can help him cross the barriers set up by F1 to secure only the strongest teams in the series.Īndretti Global and General Motors announced, on January 5, 2023, that it would petition the FIA Formula One World Championship to allow Andretti Global and General Motors’ Cadillac brand entry into this exclusive racing club. Michael Andretti is determined to field an FIA Formula One team.
It would also be the first time F1 had seen a new team join the grid since fellow US outfit Haas back in 2016.Andretti Global and Cadillac are looking to be the next F1 team It would be Cadillac’s second move into global motorsport in recent years, following on from it joining the World Endurance Championship in 2023 to compete in the top level LMH class. "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. The statement said: "There is great interest in the F1 project at this time with a number of conversations continuing that are not as visible as others. In response to the news, F1 issued a statement reinforcing that whether or not the Andretti/Cadillac application is approved, will not be decided by the FIA alone. Before that, the application has to be approved by not just the FIA, but F1 and the teams themselves before it can move forward.
Any new team joining the F1 grid must pay a $200million fee straight off, which is then split between the teams to offset the money they would each lose from splitting F1 revenues further. If the application does move forward it will not be an entirely straightforward entrance.
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