System 1 has reached an settlement in precept with Normal Motors to convey Cadillac to the System 1 grid in 2026 as its eleventh staff, however with out the Andretti identify on the entry.
The transfer follows the rejection by F1 of GM’s authentic bid in January, which was partnered with the Andretti International group. That led to battle between F1 and staff 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 staff 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 ‘companion’ for the GM entry – successfully the identical staff below an Andretti-less identify. Walter is the CEO of Guggenheim Capital, a diversified monetary providers agency with greater than $340 billion in belongings below administration. In line with Forbes, Walter is price $6 billion.
System 1 said it was “happy to maneuver ahead with this utility course of and can present additional updates in the end” after the entity “achieved operational milestones and made clear their dedication to model the eleventh staff 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, that means it’s going to require a buyer energy unit from 2026.
“With System 1’s continued development plans within the US, we now have at all times believed that welcoming a powerful US model like GM/Cadillac to the grid and GM as a future energy unit provider may convey further worth and curiosity to the game,” mentioned Greg Maffei, President and CEO of F1’s proprietor Liberty Media.
“We credit score the management of Normal Motors and their companions with important progress of their readiness to enter System 1. We’re excited to maneuver ahead with the applying course of for the GM/Cadillac staff to enter the Championship in 2026.”
Mark Reuss, President of Normal Motors, said: “As the top of motorsports, F1 calls for boundary-pushing innovation and excellence. It’s an honor for Normal Motors and Cadillac to affix the world’s premier racing sequence, and we’re dedicated to competing with ardour and integrity to raise the game for race followers world wide.
“It is a international stage for us to exhibit GM’s engineering experience and know-how management at a wholly new stage.”
Towriss, who’s CEO of TWG International’s motorsport enterprise, added: “We’re excited to companion with Normal Motors in bringing a dynamic presence to System 1. Collectively, we’re assembling a world-class staff that may embody American innovation and ship unforgettable moments to race followers world wide.
“We recognize the FIA and FOM’s help of our utility and their recognition of the worth we will convey to the championship.”
On social media, Michael Andretti confirmed no exhausting emotions and wrote: “The Cadillac F1 Group is made up of a powerful group of folks that have labored tirelessly to construct an American works staff. I’m very pleased with the exhausting work they’ve put in and congratulate all concerned on this momentous subsequent step. I will likely be cheering for you!”
His father Mario, the 1978 System 1 World Championship, reposted F1’s assertion on his X account and is known to be a director on the brand new staff’s board.
