Cadillac to Join Formula 1 From 2026
The Cadillac team will be owned by its parent company General Motors and TWG Global. General Motors will pay F1 a $450 million anti-dilution fee. This fee will be split evenly between F1's current ten teams as compensation overall revenue-sharing agreement.
Cadillac will buy its engines from Ferrari, but they will eventually be a works team, meaning they will be responsible for designing, building, and supplying their own cars and engines - potentially as early as 2028.
Confirming news of the deal in statements released by F1 and General Motors on Monday evening, the latter said the agreement would bring "a Cadillac team" to the grid from 2026 and that the outfit would also run its own engine "by the end of the decade".
No driver lineup has been announced yet.
FIA president Mohammed Ben Sulayem, says the governing body is "fully supportive" of General Motors' 2026 F1 entry.
"General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said.
"I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application to bring a GM/Cadillac branded team onto the grid for the 2026 FIA Formula 1 World Championship.
"All parties, including the FIA, will continue to work together to ensure the process progresses smoothly."
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