Joint statement from Formula 1 and General Motors

Formula 1 and General Motors have announced that they have reached an “agreement in principle” on the Cadillac brand joining as the eleventh team in 2026.

Greg MaffeiCEO of Liberty Media: “Given Formula 1’s plans to continue growing in the United States, we have always believed that the presence of such a well-known American brand as GM/Cadillac on the track, and the participation of GM as a future power unit supplier, would add additional value and increase interest in our sport.

General Motors and their partners are making significant progress in their preparations for Formula 1 and we are pleased that they are ready to bid for the GM/Cadillac team in the championship in 2026.”

Stefano DomenicaliCEO of Formula 1: “The participation of General Motors and Cadillac in this project is an important and positive demonstration of the evolution of our sport.

We look forward to the progress and development of this agreement, with confidence in the full cooperation and support of all parties involved.”

Mohammed Ben SulayemFIA President: “General Motors is a powerful global manufacturer brand with first-class partners.

I fully support the efforts of the FIA, Formula 1, GM and the team to maintain dialogue and work towards an agreement in principle to move forward with the team’s bid under the GM/Cadillac brand for the 2026 World Championship.

All parties, including the FIA, will continue to work together to ensure this process runs smoothly.”

Mark ReussPresident of General Motors said: “Formula 1 is the pinnacle of motorsport, and competing in it requires an innovative approach brought to perfection, allowing us to push the boundaries of what is possible.

It is an honor for General Motors and Cadillac to participate in the most prestigious racing series in the world, and we are committed to participating in this championship with passion and sportsmanship to help grow the popularity of Formula 1 around the world .

We view this championship as a global stage that will give GM the opportunity to showcase our engineering expertise and technology leadership at a whole new level.”