All rights reserved.Formula 1 chief Stefano Domenicali discusses the possibility of scrapping practice, increasing the number of Sprint races and adding additional teams to the sport ™ & © 2023 Cable News Network, Inc., a Warner Bros. GM will bring its expertise in turbocharging, fuel combustion and battery systems to the development process, he said. GM and Andretti hope to work on their power unit, as the engine and hybrid system is called, with Alpine, a sports car brand owned by France’s Renault, Albano added.Īlpine already competes in Formula 1. The companies will work together to develop a car within the confines of FIA’s strict rules for the series, GM spokesman Michael Albano said. The announcement that the FIA would consider new applicants opened up another opportunity to participate, said Ryann Weatherford, an Andretti spokesperson.īy teaming up with Cadillac and, if successful, hiring an American driver, Andretti and GM would be able to field a “truly All-American team” in the sport, she said. That process has not started yet, though.Īndretti Global previously attempted to join Formula One by purchasing one of the existing teams, but was unable to reach any sort of a deal. The FIA recently announced that it would soon open a formal review process for applications to field a team in the series. Other brands, like Porsche and Audi, are also reportedly looking at ways to join the series.Ībout 10 teams compete in Formula One racing at any given time, a number that rarely changes. It costs hundreds of millions of dollars in just a single season to compete, but Formula One is seen as highly prestigious and regarded as the top tier of racing.

Luxury car brands like Mercedes, Alfa Romeo, Aston Martin and, of course, Ferrari - a brand that, quite literally, made its name in Grand Prix racing - all compete in Formula One. Before 2022, the only Formula One races in the US in the past decade were held in Austin, TX. The Netflix documentary series “Drive to Survive” has been one factor that has increased the sport’s visibility in the US, and races in Miami and Las Vegas have been added to the race calendar in recent years. Formula 1 racing has found increased popularity in the United States, Cadillac’s main market.

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