Andretti Global has confirmed that it has aligned with General Motors with the intention of bringing the Cadillac brand to Formula 1.
Andretti has been in discussions with F1 for some time over a potential entry in the coming years.
Earlier this week, the FIA announced that it would look at an expressions of interest process for newcomers hoping to join the F1 grid.
Andretti has now announced that it will partner with Cadillac if its bid to arrive on the grid is confirmed.
It also highlighted that the Andretti Cadillac team would be based in the US with a support facility in the UK.
“We are continuing to grow Andretti Global and its family of racing teams and always have our eyes on what’s next,” said Michael Andretti.
“I feel that we are well suited to be a new team for Formula 1 and can bring value to the series and our partners, and excitement for the fans.
“I’m proud to have GM and Cadillac alongside us as we pursue this goal. GM and Andretti share a legacy born out of the love of racing. We now have the opportunity to combine our motorsport passions and dedication to innovation to build a true American F1 bid.
“Together, we will continue to follow procedures and steps put forth by the FIA during the evaluation process.
“In the meantime, we continue to optimistically prepare should we be fortunate enough to have Andretti Cadillac formally approved as a Formula One contender.”
Cadillac is active in US-based racing, primarily in the IMSA WeatherTech Sportscar Championship where it fields several DPi (renamed GTP for 2023) entries.
It will also race in the upcoming 2023 World Endurance Championship in the Hypercar category.
Andretti would be the second US-owned team on the grid, after Haas, if its efforts to form a team are successful.
F1 has not had more than 10 teams since the 2016 season, prior to the collapse of the Manor Marussia outfit.
The news was met fondly by FIA president Mohammed Ben Sulayem, who took to Twitter to express his delight over the news.
“I welcome the news of the Cadillac and Andretti partnership and the FIA looks forward to further discussions on the FIA F1 World Championship Expressions of Interest process,” he wrote.
Mark Reuss, the president of General Motors, added: “General Motors is honoured to team with Andretti Global on this historic moment in racing.
“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.
“Cadillac and F1 both have growing global appeal. 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.”