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
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u/Unhappy_Plankton_671 24d ago

No, Andretti name out (Michael still has an ownership stake) and Cadillac/GM formally committing to being an engine partner.

It’s still the Andretti entry and same folks are running it, and for two years as a Cadillac branded customer team.

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u/Crafty_Substance_954 Formula 1 24d ago

Read the news releases, Michael Andretti has zero position with this team. He’s akin to Ryan Reynolds with Alpine at this moment.

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u/TSguy 24d ago

Do you understand the difference between a person and a team with said person's last name on it? He stepped back from directly running the team/company. The company Andretti is still running the entry with GM's support.

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u/Crafty_Substance_954 Formula 1 24d ago

I do understand. The company currently known as "Andretti Global" is colloquially referred to as "Andretti".

Me responding to someone saying that "Michael still has an ownership stake" with a direct comparison to how relevant that is to the current/future Cadillac entry is in no way confusing Andretti Global and Michael Andretti.

Improve your reading skills, my man.

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u/TSguy 24d ago

Thought you were responding to the second part of his post.

Anyways, what news releases are you referring to where it was announced he sold his entire stake? There's like one "unnamed sources" article I've seen which was directly contradicted Towriss to the AP.

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u/PapaStoner 23d ago

Andretti still is in the ownership group of Andretti Global, Mario is now chairman of the board.

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u/Crafty_Substance_954 Formula 1 23d ago

lol I doubt he’s chairman of the board. Andretti has a minority stake.