GM and Cadillac’s F1 Entry Still Firm Despite Rejection
Oct.11 - General Motors, via its Cadillac brand, is still keen to enter Formula 1.
In recent days, the motor racing world was shocked by the news that Michael Andretti is stepping back from his own racing empire, Andretti Global.
Despite the FIA's approval, Liberty Media-owned F1 rejected Andretti's bid to expand its empire into Formula 1, despite backing from GM and Cadillac.
The rejection prompted a US political investigation into F1's alleged anti-competitive behaviour - which has been linked with Michael Andretti stepping back at Andretti Global.
Rumours have also been swirling that Cadillac is still keen to enter F1 with its own engine from 2028.
France's Auto Hebdo says General Motors' executive director of motorsports, Eric Warren, declared last month: "We will continue to follow the process in Formula 1.
"We've been working on it for two years. It's a process. We're intensively developing a power unit. We're intensively developing the car.
"We had positive meetings last week. We are not giving up," he insisted. "We are committed to being involved and, one way or another, we will be there."
Reports suggest Andretti's basic F1 car design will be ready by the end of the year.
✅ Check out more posts with related topics:
It boggles the mind thinking of reasons why Liberty Media doesn't want Cadillac involved in F1. A few years ago, it looked like F1 might collapse because there weren't enough companies interested in spending the massive amount of money to develop a competitive car in F1. Now they are rejecting a valid entry. Why? Maybe Ferrari is concerned that their annual bribe to stay in F1 is in danger.
☆★red china★☆ taking the reigns behinds the scenes and being infantile about american manufacturers taking part at the tournament & eventually seeing through / exposing their nasty little controlling schemes.. only fitting explanation here
I hope the American political investigation will have the power to fine Liberty many millions of dollars for the anti-competitive behaviour that they have exhibited.
There is absolutely no logical reason why the number of teams competing cannot be extended, as they have been in the past before Liberty stuck their grubby fingers into the pie.
Personally, I think it is most unethical and a disgrace that the epitome of motor racing can be owned by a company whose only purpose is to squeeze it for their own pockets and stuff the fans and the public!
But that is how it has been for many years. Ecclestone squeezed many millions out of F1 before Liberty Media took over. I was hoping that would change under new management but unfortunately, I was wrong.
He also ran his own team with which he became a 2 time WCC and he balled out numerous F1 teams with cash when they were struggling, all this...One Man... not a public company,then as and when f1 got Large. he took all the risks borrowed hundreds of millions from the banks why wasnt he entitled to earn a bloody good living after all that.
Rumour has it he’s taking it with him when he goes, such a wonderful person, life won’t be the same without him and hi £2.4 billion.
Yeah, but not bad for a used car salesman!
He sold his F1 interests for US$8 billion. We mere mortals would not know what to do with such an amount. Impossible to spend it in one lifetime!
A very shrewd and cunning business man.
✅ Checkout the latest 50 F1 Fans comments.