General Motors (GM) and TWG Global have reached an agreement in principle with Formula 1 to bring a Cadillac team to the series in 2026.

The automaker will also launch an F1 power unit by the end of the decade, GM said.

"Innovations created for Formula 1 will contribute to GM's push to drive the future of transportation, leveraging advanced electrification, powertrain, software and internal-combustion-engine technology for consumers around the globe," GM representatives said in a statement announcing the agreement. "Launching a Formula 1 team will also highlight the Cadillac brand to a diverse international audience, showcasing GM's technology and design capabilities."

Mario Andretti, the last American F1 Champion, will serve as a director on the team's board.

Since GM's bid to join F1 was announced in January 2023, Cadillac Formula 1 has assembled an experienced team to work on aerodynamics, chassis and component development, software, and vehicle dynamics simulation. The team has operations in Fishers, Indiana; Charlotte, North Carolina; Warren, Michigan; and Silverstone, England.

In addition to the Cadillac F1 partnership with GM, TWG Global owns and operates Andretti Global, Wayne Taylor Racing and Spire Motorsports.

For more information, visit gm.com.