US car giant General Motors has had its Formula 1 entry for the 2026 season formally approved. It will name the new team after its luxury Cadillac brand. The decision to approve GM’s bid comes just over two months after the company reached an agreement in principle with F1 to enter the sport next year. F1 had previously rejected a bid from the US team Andretti, which was linked to Cadillac.
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Formula 1 announced today that it has reached an agreement in principle with General Motors (GM) to support bringing GM/Cadillac as the 11th team to the Formula 1 grid in 2026. Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024.
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Formula 1 and Moto GP will have the same owner as Liberty Media announced a takeover of the motorcycling series in a deal worth £3 billion. Liberty, which bought F1 in 2017, is taking over Moto GP owner Dorna Sports, which it will buy from Bridgepoint and Canada Pension Plan Investment Board. The media company confirmed Moto GP will be added to the same tracking stock as F1.
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