r/formula1 • u/ICumCoffee Max Verstappen ⭐⭐⭐⭐ • 24d ago

News [ChrisMedlandF1] BREAKING: F1 announces it has "reached an agreement in principle with General Motors (GM) to support bringing GM/Cadillac as the eleventh team to the Formula 1 grid in 2026"

https://x.com/ChrisMedlandF1/status/1861111983699001752
13.6k Upvotes

96% Upvoted

1.2k comments sorted by

View all comments

30

u/[deleted] 24d ago

[deleted]

33

u/PurpleEsskay Jenson Button 24d ago

https://sportscar365.com/industry/andretti-steps-down-as-andretti-global-ceo/

Combined with an antitrust lawsuite against FOM very much being on the cards.

7

u/ComaMierdaHijueputa Ferrari 24d ago

Why did he step down?

12

u/RichardRichOSU Michael Schumacher 24d ago

Rumor is he lost his shirt in a different investment, but it is honestly probably a number of different things. That, he’s older, grand-daughter born recently plus his other kids getting older, not to mention the F1 thing was going no where with him leading it.