Breaking News
Mario Andretti returns to Formula 1: Director at Cadillac F1
- Ludo van Denderen
Formula 1 already came out with a statement, and now General Motors has followed suit: Cadillac will make its entry into Formula 1, and the US company has confirmed the earlier news. Moreover, it has been announced that Mario Andretti will serve as Director of the board.
“My first love was Formula 1, and now – 70 years later – the F1 paddock is still my happy place. I’m absolutely thrilled with Cadillac, Formula 1, Mark Walter and Dan Towriss,” Andretti said. “To still be involved at this stage of my life – I have to pinch myself to make sure I’m not dreaming".
Cadillac and TWG Global Partner
The new team will partner with TWG Global, an American investment company. "We are delighted to be working with General Motors to bring a dynamic group to Formula 1," said Dan Towriss, CEO of TWG Global's motorsports business. "Together, we are assembling a world-class team that will embody American innovation and deliver unforgettable moments to racing fans around the world. We appreciate the support of the FIA and FOM for our application and their recognition of the value we can add to the championship".
Cadillac will be the first new team to enter F1 since 2016 and the 11th team on the grid. General Motors, one of the world's largest automakers, said it chose F1 because of the sport's innovation, with an eye on the future of the transportation business. GM hopes to apply the knowledge gained in F1 to consumer vehicles, such as advanced electrification, powertrain, software and combustion engine technology. GM also said F1 was an excellent opportunity to increase brand awareness.
This article was translated by Savannah Lenz.