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After a tumultuous 10-month wait packed with enough drama to write a soap opera, Andretti Global finally has an answer to its Formula 1 aspirations. That answer is no. The Formula 1 World Championship, owned by Liberty Media, announced Wednesday morning that it will not approve Andretti Cadillac's application to become the 11th team on the grid come 2025.
It looks like the Andretti Cadillac F1 team might have one ally in the sport, after all. The process for Andretti to enter Formula 1 is taking far longer and proving to be way more political than previously anticipated, thanks to downright nasty attacks from several team owners and even some ghosting from F1 CEO Stefano Domenicali. It's been so long that the pre-contract Andretti had with Renault to build its engines expired before anyone could agree if they're being allowed into the club or not. However, a new report claims that despite the deal's expiration, Renault is still willing to work out another deal and supply engines for the new American team.
It hasn't been a great last few years for the relationship between Formula 1 and its governing body, the FIA. From passive-aggressive remarks to not being on the same page about key matters, diplomacy has suffered since Mohammed Ben Sulayem replaced Jean Todt in late 2021. The latest scandal surrounding a surprise FIA investigation involving Toto and Susie Wolff—and its sudden squashing of it—is amplifying this animosity to new levels.
LAS VEGAS — The troubled Las Vegas Formula One Grand Prix has been hit with a class action lawsuit on behalf of the 35,000 people who bought tickets for Thursday’s practice session which was cancelled when Carlos Sainz's Ferrari was damaged by a loose drain cover.
General Motors wants in on the Formula 1 circus, but it won't back down on one thing: its partnership with Andretti Autosport.
In a storyline with all the right ingredients for a bombshell Netflix series, there's a new development in Andretti and Cadillac's journey to the Formula 1 grid. General Motors President Mark Reuss told the Associated Press Wednesday that it's committed to partnering with Andretti Global and no one else.
Apart from being a top-tier motorsport, Formula 1 is also a business — and a very profitable one at that. Long-time fans have known that, but CNBC aims to shed more light on this end with a new documentary entitled Inside Track: The Business of Formula 1.
Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world.