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The process for Andretti and Cadillac to join the grid is one that requires the support of F1 itself and the current teams, only two of which have been publicly supportive of Andretti's plans amid concerns of the potential financial impact.Īny new team joining the F1 field is required to pay a $200 million fee as a dilution fund that is split between the current grid to make up for splitting the teams’ payouts with another entrant.

Photo by: Sam Bloxham / Motorsport Imagesį1 has not had a new team since Haas joined the grid in 2016, but there is understood to be interest from a number of parties about joining the field in the future.

Why the FIA's hope for new F1 teams will be easier said than doneįIA president Mohammed Ben Sulayem has asked his team to look at starting the process for adding potential new F1 teams.

FIA president wants to start process for new teams to join F1 grid.

A satellite facility would also operate out of Europe for the team, as well as aiding with Andretti’s other racing interests.

The team would operate chiefly out of the new Andretti Global headquarters that is under construction in Fishers, Indiana, due to start operations in 2025. The potential team would initially receive a power unit supply from another engine manufacturer, but both Andretti and Cadillac are set to offer technical support as part of a collaboration. “But we are going to be on-track when it all makes sense to be on-track,” he added.

We now have the opportunity to combine our motorsport passions and dedication to innovation to build a true American F1 bid.”Īndretti, the chairman and CEO of Andretti Global, would not be drawn on when the new team would be ready to join the grid, saying it would “depend on the expression of interest, how long that takes, and where we are at the time.” GM and Andretti share a legacy born out of the love of racing. “I’m proud to have GM and Cadillac alongside us as we pursue this goal.