Andretti and Cadillac team up in all-American bid for place on F1 grid
by SOURAV D | VIEW 534
Andretti Global alongside General Motors had partnered up to join the F1 arena under Cadillac brand, the newly formed merger between Andretti Global and General Motors had unveiled on Thursday. In the matter of the fact, latest move from Andretti Global came forth just a couple of days after FIA President, Mohammed Ben Sulayem was quoted as saying in a press briefing that the F1 has been officially greenlighted to prepare for an eleventh team.
Nevertheless, Andretti has long been vying to vent out a way to enter into the Formula 1 with a new team, while in an interview with a press agency last month, he was quoted saying that he had secured funding from a private equity firm having had net assets worth of $285 billion.
Andretti and GM to enter F1 under Cadillac brand
Meanwhile, speaking in an interview with a press agency, reflecting on the merger, Andretti said, “We definitely have a plan to have an American driver.
I think you all know who is leading the pack on that one. Colton we have under contract right now in IndyCar. We want to make this an all-American effort to make sure we have an American driver in the seat”. Besides, GM Chair Mark Reuss said in a separate statement, “We have a signed agreement with a power unit supplier to begin with, and then as we move forward we bring a lot of our expertise to create things for the future as well”.