Formula 1 has announced that it has reached an agreement in principle with General Motors (GM) to bring GM/Cadillac as the 11th team to the Formula 1 grid in 2026. The automaker will also launch an F1 power unit by the end of the decade, GM said.

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

"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."

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.

TWG Global owns and operates Andretti Global, Wayne Taylor Racing and Spire Motorsports.

For more information, visit formula1.com or gm.com.