Latest news with #FIAFormulaOneChampionship
Zawya
09-03-2025
- Automotive
- Zawya
TWG Motorsports and GM receive formal approval for Cadillac Formula 1 team
It's official: the Cadillac Formula 1 Team has received final approval to join the pinnacle of motorsport. Backed by TWG Motorsports and General Motors (GM), the team will join the FIA Formula One World Championship grid in March 2026. Today, the FIA and Formula One Management announced that the Cadillac Formula 1 Team has met their requirements to join the existing 10 teams starting next year. 'Today marks a transformative moment, and I am proud to lead the Federation in this progressive step for the championship,' said FIA President Mohammed Ben Sulayem. 'The FIA Formula One Championship's expansion to an 11th team in 2026 is a milestone. GM/Cadillac brings fresh energy, aligning with the new FIA 2026 regulations and ushering in an exciting era for the sport. 'The Cadillac Formula 1 Team's presence in the paddock will inspire future competitors and fans. Their entry strengthens our mission to push motorsport's boundaries at the highest level.' The integration between TWG Motorsports and GM creates a distinctly American team with unique attributes. TWG Group's resources and commitment to excellence, cutting edge technology and deep collaboration across motorsport disciplines combined with GM's performance DNA, engineering excellence and proven success in motorsports provides a strong foundation for the team. "For the past year, we have worked hand in hand with GM to lay a robust foundation for an extraordinary Formula 1 entry,' said Dan Towriss, CEO of TWG Motorsports. 'Now, with 2026 in our sights after today's final approval from the FIA and Formula One Management, we're accelerating our efforts — expanding our facilities, refining cutting-edge technologies, and continuing to assemble top-tier talent.' 'We're thrilled the Cadillac Formula 1 Team is official, as the team has been accelerating its work,' said GM President Mark Reuss. 'We're incredibly grateful for the support from the FIA and Formula One Management leadership for us and for our collaboration with TWG. The excitement only grows as we get closer to showcasing GM's engineering expertise on the prestigious global stage of F1.' This announcement follows confirmation that long-time motorsports and Formula 1 team executive Graeme Lowdon will serve as Team Principal of the Cadillac Formula 1 Team. Industry veteran Russ O'Blenes has been named CEO of TWG GM Performance Power Units LLC, a new company that will put Cadillac on the future path to being a 'full works' team — building Formula 1 chassis and power units. 'I couldn't be more proud of the effort put in by the entire Cadillac Formula 1 Team. This announcement is the next step in getting on the grid and continues our efforts towards building a full-works team. Through the long and thorough application process, we have never lost pace in our planning or our belief in the mission. We can't wait to go racing and give fans a new team to cheer for,' Lowdon said. 'Ongoing preparation and development of our power unit continues, and we've been working hard to hire some top tier talent,' said O'Blenes. 'As we continue to add more experienced engineering personnel, we look forward to running our first V6 in the near future.' Since the bid to join Formula 1 was announced in January 2023, TWG Motorsports has assembled an experienced team of over 300 people working on aerodynamics, chassis and component development, software and vehicle dynamics simulation. Development work to join the grid in 2026 has continued at pace with operational wind-tunnel models, parts production and performance testing strongly underway. The team has operations in Indianapolis, Indiana; Charlotte, North Carolina; Warren, Michigan; and Silverstone, England. -Ends- About: TWG Motorsports is the motorsports entity of TWG Global, created to unify a robust racing portfolio across the world's biggest stages in Formula 1, IndyCar, Formula E, IMSA, and NASCAR. In addition to the strategic partnerships with General Motors on the Cadillac Formula 1 team, TWG Motorsports additionally has ownership of Spire Motorsports, Andretti Global and Wayne Taylor Racing. TWG Motorsports combines deep technical expertise, proven competitive excellence, and industry-leading marketing acumen. TWG Motorsports is committed to innovating, growing, and winning at the highest levels of the sport. General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at FOR MORE INFORMATION, please contact: GM/Cadillac: or TWG Motorsports: Cadillac F1 Team:
Yahoo
07-03-2025
- Automotive
- Yahoo
Cadillac Receives Final Approval for 2026 F1 Entry
Cadillac today received the final approval to join the Formula 1 grid in 2026. The FIA and Formula 1 announced that following sporting, technical and commercial assessments Cadillac's bid has received the green light to join the championship. The team, an evolution of the Andretti entry that has striven to join the grid since 2022, reached an agreement in principle with Formula 1 last October. 'The commitment by General Motors to bring a Cadillac team to Formula 1 was an important and positive demonstration of the evolution of our sport,' Formula 1 CEO Stefano Domenicali said. 'I want to thank GM and TWG Motorsports for their constructive engagement over many months and look forward to welcoming the team on the grid from 2026 for what will be another exciting year for Formula 1.' Added FIA President Mohammed Ben Sulayem: 'The FIA Formula One Championship's expansion to an 11th team in 2026 is a milestone. GM/Cadillac brings fresh energy, aligning with the new FIA 2026 regulations and ushering in an exciting era for the sport.' The agreement in principle last year came after the removal of Michael Andretti from the day-to-day running of Andretti Global, following its purchase by TWG Global, the investment vehicle of billionaire Mark Walter, with Dan Towriss taking the role of CEO. The organization continued to invest in personnel and infrastructure after its initial rejection by Formula 1 in early 2024, opening a U.K. base at Silverstone, which has continued to work on the 2026 car. Graeme Lowdon was officially appointed as Cadillac's team principal, having been a long-term advisor to the project, while Nick Chester, Rob White and Pat Symonds are among the senior personnel on the technical side. The team has also recently recruited Pete Crolla as team manager, moving across from Haas, where he played a key role in getting the squad up and running. Motorsport legend Mario Andretti holds an advisory role on the Board of Directors. "For the past years, we have worked hand in hand with GM, to lay a robust foundation for an extraordinary F1 entry,' said Towriss. 'Now, with 2026 in our sights after today's final approval from the FIA and Formula 1, we're accelerating our efforts—expanding our facilities, refining cutting-edge technologies and continuing to assemble top-tier talent.' Added Lowdon: 'I couldn't be more proud of the effort put in by the entire Cadillac Formula 1 Team. This announcement is the next step in getting on the grid and continues our efforts towards building a full-works team. Through the long and thorough application process, we have never lost pace in our planning or our belief in the mission. We can't wait to go racing and give fans a new team to cheer for.' Cadillac will initially be powered by Ferrari, and use the marque's gearboxes, until its own technology is readied. The organization has founded GM Performance Power Units LLC, headed by Russ O'Blenes and based in Charlotte, to develop a Formula 1 power unit. GM initially outlined its intention to ready its own power unit for 2028 but has more recently indicated that its target is 'by the end of the decade.' Cadillac has not yet named its driver lineup for 2026, with several drivers exiled at the end of 2024 ostensibly candidates for the vacancies, such as Valtteri Bottas, Sergio Perez and Zhou Guanyu. Bottas and Zhou hold active 2025 Formula 1 roles, as reserve drivers at Mercedes and Ferrari respectively, with Lowdon involved in the management of Zhou's career. IndyCar front-runner Colton Herta has also been linked to the team through his connection to the organization and Towriss. As a prospective entrant Cadillac must abide by Formula 1's budget cap regulations, and rules on wind tunnel and CFD testing time per the FIA's sliding scale, with Cadillac allotted the same as last year's last-placed team. It must also pay the anti-dilution fee – which is set to be significantly higher than $200m once the new Concorde Agreement is reached – to be distributed among the existing 10 teams. Cadillac's arrival means Formula 1 will in 2026 have 11 teams for the first time in a decade. It will also be the first new team in the championship since Haas joined the grid in 2016.
Yahoo
07-03-2025
- Automotive
- Yahoo
TWG Motorsports and GM Receive Formal Approval for Cadillac Formula 1™ Team
INDIANAPOLIS and SILVERSTONE, England, March 7, 2025 /PRNewswire/ -- It's official: the Cadillac Formula 1 Team has received final approval to join the pinnacle of motorsport. Backed by TWG Motorsports and General Motors (GM), the team will join the FIA Formula One World Championship grid in March 2026. Today, the FIA and Formula 1 announced that the Cadillac Formula 1 Team has met their requirements to join the existing 10 teams starting next year. "Today marks a transformative moment, and I am proud to lead the Federation in this progressive step for the championship," said FIA President Mohammed Ben Sulayem. "The FIA Formula One Championship's expansion to an 11th team in 2026 is a milestone. GM/Cadillac brings fresh energy, aligning with the new FIA 2026 regulations and ushering in an exciting era for the sport. "The Cadillac Formula 1 Team's presence in the paddock will inspire future competitors and fans. Their entry strengthens our mission to push motorsport's boundaries at the highest level." Stefano Domenicali, President and CEO of Formula 1 said, "As we said in November, the commitment by General Motors to bring a Cadillac team to Formula 1 was an important and positive demonstration of the evolution of our sport. I want to thank GM and TWG Motorsports for their constructive engagement over many months and look forward to welcoming the team on the grid from 2026 for what will be another exciting year for Formula 1." The partnership between TWG Motorsports and General Motors creates a distinctly American team with unique attributes. TWG Motorsports' resources and commitment to excellence, innovation and deep collaboration across motorsport disciplines combined with GM's performance DNA, engineering excellence and proven success in motorsports provides a strong foundation for the team. "For the past years, we have worked hand in hand with GM, to lay a robust foundation for an extraordinary F1 entry," said Dan Towriss, CEO of TWG Motorsports. "Now, with 2026 in our sights after today's final approval from the FIA and Formula 1, we're accelerating our efforts—expanding our facilities, refining cutting-edge technologies and continuing to assemble top-tier talent." "We're thrilled the Cadillac Formula 1 Team is official, as the team has been accelerating its work," said GM President Mark Reuss. "We're incredibly grateful for the support from the FIA and Formula 1 leadership for us and for our partners at TWG. The excitement only grows as we get closer to showcasing GM's engineering expertise on the prestigious global stage of F1." This announcement follows confirmation that long-time motorsports and Formula 1 team executive Graeme Lowdon will serve as Team Principal of the Cadillac Formula 1 Team and industry veteran Russ O'Blenes has been named CEO of TWG GM Performance Power Units, a new company that will put Cadillac on the future path to being a full-works team — building Formula 1 chassis and power units. "I couldn't be more proud of the effort put in by the entire Cadillac Formula 1 Team. This announcement is the next step in getting on the grid and continues our efforts towards building a full-works team. Through the long and thorough application process, we have never lost pace in our planning or our belief in the mission. We can't wait to go racing and give fans a new team to cheer for," Lowdon said. "Ongoing preparation and development of our power unit continues, and we've been working hard to hire top-tier talent," said O'Blenes. "As we continue to add more experienced engineering personnel, we look forward to running our first V6 in the near future." Since the bid to join Formula 1 was announced in January 2023, TWG Motorsports has assembled an experienced team of over 300 people working on aerodynamics, chassis and component development, software and vehicle dynamics simulation. Development work to join the grid in 2026 has continued at pace with operational wind-tunnel models, parts production and performance testing strongly underway. The team has operations in Indianapolis, Indiana; Charlotte, North Carolina; Warren, Michigan; and Silverstone, England. About TWG MotorsportsTWG Motorsports is the motorsports entity of TWG Global, created to unify a robust racing portfolio across the world's biggest stages in Formula 1, INDYCAR, Formula E, IMSA and NASCAR. In addition to the strategic partnerships with General Motors on the Cadillac Formula 1 Team, TWG Motorsports additionally has ownership of Spire Motorsports, Andretti Global and Wayne Taylor Racing. TWG Motorsports combines deep technical expertise, proven competitive excellence and industry-leading marketing acumen. TWG Motorsports is committed to innovating, growing and winning at the highest levels of the sport. Learn more at:TWG Global: Motorsports: About GMGeneral Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at View original content: SOURCE Cadillac Formula 1 Team
NBC News
07-03-2025
- Automotive
- NBC News
Formula 1 officially approves Cadillac as new American team starting in 2026
It's official: The Cadillac Formula 1 Team will join the grid next year, gaining final approval from F1 and its governing body on Friday. The GM-backed American team secured conditional approval last fall. Now, the sport says it has met the necessary requirements to become the 11th team competing on the racetrack. 'The FIA Formula One Championship's expansion to an 11th team in 2026 is a milestone. GM/Cadillac brings fresh energy,' FIA President Mohammed Ben Sulayem said in a statement. 'The Cadillac Formula 1 Team's presence in the paddock will inspire future competitors and fans. Their entry strengthens our mission to push motorsport's boundaries at the highest level.' The team is a product of a partnership between GM and Cadillac, which will build the power unit, and TWG Motorsports, the parent company of Andretti Global, to build the cars. In a statement, Cadillac F1 said the veteran Formula 1 team executive Graeme Lowdon will serve as its team principal. Russ O'Blenes has been announced as CEO of TWG GM Performance Power Units which is tasked with making Cadillac F1 a 'full-works team' in the coming years. The team struck a deal to use Ferrari engines when it launches. The 2025 Formula 1 season begins next week. The entry of Cadillac F1 will align with a new set of regulations starting in 2026 that is expected to scramble the field, with each team effectively starting from scratch when building their challengers. 'For the past years, we have worked hand in hand with GM, to lay a robust foundation for an extraordinary F1 entry,' said Dan Towriss, the CEO of TWG Motorsports. 'Now, with 2026 in our sights after today's final approval from the FIA and Formula 1, we're accelerating our efforts — expanding our facilities, refining cutting-edge technologies and continuing to assemble top-tier talent.' GM President Mark Reuss said in a statement that the move brings the Michigan-based manufacturer 'closer to showcasing GM's engineering expertise on the prestigious global stage of F1.' Mario Andretti, the former F1 world champion, was announced earlier as an adviser to the new team on driver selection and technical issues, among other things. 'From our standpoint, I think the play at the beginning would be to have one experienced driver — nationality doesn't matter — and then a young American talent,' Andretti Andretti told NBC News in November. 'These are the objectives at the moment.'
