Stellantis don't have a foot in F1 besides Alfa Romeo.įerrari is 23% owned by Exor who also part own Stellantis. Our brand has a motorsports pedigree that’s more than a century in the making, and we would be proud to have the opportunity to bring our distinct American innovation and design to F1.”Ĭurrently the only America owned team on the F1 grid is the Haas F1 team founded by NASCAR team owner Gene Haas in 2014.Ferrari is Ferrari. “Cadillac and F1 both have growing global appeal.

“We have a long, rich history in motorsports and engineering innovation, and we are thrilled with the prospect of pairing with Andretti Global to form an American F1 team that will help spur even more global interest in the series and the sport. “General Motors is honored to team with Andretti Global on this historic moment in racing,” Mark Reuss, president, General Motors said. Some estimates put the worldwide audience for F1 at 1 billion. Mercedes’ F1 team boss Toto Wolff, one of the biggest critics of allowing a new team on the grid, said the cost to field an F1 team that will run near the front of the pack would be around $1 billion.įor GM, that cost could be well worth the exposure the brand would get by being in front of the worldwide audience F1.

(Photo by Xavier Bonilla/NurPhoto via Getty Images) NurPhoto via Getty ImagesĪccording to some reports the cost to run a competitive F1 team was $145.6 million in 2022. Formula 1 Winter Tests at Circuit de Barcelona - Catalunya on Februin Barcelona, Spain. Toto Wolff, Team Principal & CEO Mercedes AMG Petronas Formula One Team, portrait during the.

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