Andretti Autosport has announced a major new partnership deal with American carmaker Cadillac as part of its plans to launch a brand new Formula 1 team.
The team, led by former F1 driver Michael Andretti, is already a major player in other forms of racing including IndyCar, NASCAR and Formula E. But he has held a desire to launch his own F1 team for some time, and came close in 2021 before his bid to buy Sauber fell through.
Since then, Andretti has been focussed upon creating a brand new team to join the grid, rather than take over an existing competitor. His plans have been met by some resistance from those already on the grid, but the Americans have pressed ahead with their plans anyway.
