General Motors told the AP that it is only interested in entering Formula One with Andretti Global

General Motors told the AP that it is only interested in entering Formula One with Andretti Global

General Motors will not end its partnership with Andretti Global to enter Formula 1 and is not interested in considering other teams’ participation in the global motorsport series, an executive for the American auto giant told The Associated Press on Wednesday.

“GM is committed to partnering with Andretti to race in Formula 1,” GM President Mark Reuss told the Associated Press. “The Andretti-Cadillac collaboration brings together two unique racing-engineered entities, both with long pedigrees of success in global motorsport.”

GM plans to send a small group of executives to next week’s Las Vegas Grand Prix in hopes of starting talks with F1 and series owner Liberty Media about an Andretti application. Andretti told the AP at the U.S. Grand Prix last month that Formula 1 boss Stefano Domenicali did not return his calls or text messages.

A month ago, the governing body of the International Automobile Federation (FIA) said that Michael Andretti’s request was the only one of these Seven applicants meet all the criteria required to expand the current Formula 1 grid From 10 teams to 11. Andretti app in partnership with General Motors and its Cadillac brand.

The FIA’s approval was met with near silence from both F1 and Liberty Media. The Associated Press reported last month that F1 has asked General Motors to consider finding a partner other than Andretti. Royce closed the door on that possibility on Wednesday.

Andretti already has a car built to Formula 1 regulations for 2023 that it has tested in a wind tunnel in Germany, and Andretti Global continues to press ahead with its plans to join the series. There is a tight timetable to prepare for the 2025 season and frustration is clearly mounting for Andretti and GM.

The only public comment made by Formula 1 and Liberty was a brief statement that promised nothing: “We have noted the FIA’s conclusions in relation to the first and second stages of their process and will now make our own assessment of the merits of the remaining order.” F1 said last month.

Liberty and Domenicali have consistently sided with the majority of the current 10 teams, which are strongly opposed to expanding the 20-car grid, citing a potential loss of revenue.

The teams, which do not have a vote on the expansion, maintain that adding two more Andretti cars would mean a smaller windfall during the Formula 1 season. There is an anti-dilution fee of $200 million for any new entrant, but those who oppose the expansion could still have their profits cut and could They invested a lot to share the pot.

Teams also maintain that Andretti should buy a team rather than expand the network. However, no teams market themselves as publicly as Andretti In 2020 it actually tried to close a deal that would have taken over the current Sauber team.

Andretti promised to be a true American team as Formula 1 expanded to five races across North America. He has said he wants current IndyCar driver and California native Colton Herta to drive an Andretti Global car in Formula 1, and said the Andretti name brings great value to the series.

His father, Mario Andretti, won the 1978 Formula 1 Championship, and Michael ran 13 Formula 1 races in 1993. Father and son are among the most successful racers in American open-wheel history and are third and fourth on the all-time IndyCar winners list.

California businessman Gene Haas owns a Formula 1 team that he acquired through a 2014 application similar to the process Andretti went through this year. The Haas team was launched in 2016 and plans to use Denmark’s Kevin Magnussen and Germany’s Nico Hulkenberg again next season.

Haas occupies last place among the ten teams in the constructors’ standings, while Hulkenberg is 16th and Magnussen is 19th in the drivers’ standings.

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AP car racing: https://apnews.com/hub/auto-racing

    (Tags for translation)Formula One Racing

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