Mercedes team principal Toto Wolff says teams haven’t been offered enough money to make up for the losses they face if Cadillac joins Formula 1 next year. Formula One Management introduced a $200 million (£164m) anti-dilution fee for newcomers when it agreed its last commercial deal with teams, which expires at the end of this
General Motors has set up a new division to create power units for the team it intends to enter into F1 next year. It has already announced a deal to use Ferrari power units from next year as part of a “multi-year” arrangement, indicating it would begin using its own power units in 2028 at
In the round-up: Former Formula 1 team principal Otmar Szafnauer says General Motors must be prepared for how difficult it is to be competitive in the series. In brief ‘I didn’t realise how difficult F1 was’ – Szafnauer GM has an agreement in principle to enter F1 in 2026 with a new team formed by
Ferrari has signed a multi-year agreement with Andretti to supply power units and gearboxes for its planned Formula 1 team from 2026. The Italian manufacturer confirmed the deal in a statement on Tuesday. Ferrari currently supplies power units to Haas and Sauber, but the latter will become Audi’s works team after next season. Andretti’s application
Formula 1 team bosses say they were surprised by the series’ decision to allow Cadillac to enter the championship in 2026. On Monday Formula One Management announced it had reached an agreement in principle for Cadillac to join the series in 2026. Cadillac has taken over the entry bid launched by Andretti last year which
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