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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The FIA has revealed Formula 1’s new regulations in 2026 will see a downsizing of the current cars in an attempt to produce closer racing. Redesigned power units will possess almost 300 per cent more battery power with an even split between internal combustion and electric power, while the cars will run on 100 per cent sustainable fuel. The new, smaller machinery follow a “nimble car” concept that will see weight reduced by 30 kilograms and the width of the vehicles reduced.
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Former Ferrari team principal Stefano Domenicali is to become President and CEO of Formula 1 in January 2021, with Chase Carey, the current Chairman and CEO, moving to the role of non-executive Chairman.
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