F1 News: Las Vegas GP To Host Andretti Cadillac Future Talks

GM will meet the owners of Formula 1 to push their entry into the sport with Andretti.

General Motors has confirmed that it will be sending its delegation of executives to the Las Vegas Grand Prix this weekend to meet Liberty Media officials- the owners of Formula 1. The move comes after the FIA approved Andretti Cadillac's entry into the sport, but a final approval from the FOM on the financial front remains pending. 

The introduction of Formula 1's eleventh official team has encountered challenges as team owners expressed concerns about the necessity of an additional team on the grid. The primary issue revolves around the sharing of revenues with an additional team.

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The only official statement from Formula 1 about Andretti Cadillac's bid was released last month. It read:

“We note the FIA’s conclusions in relation to the first and second phases of their process and will now conduct our own assessment of the merits of the remaining application.”

General Motors has now stepped in to try and clear the hurdles that have become a hindrance to their entry into Formula 1 with Andretti, thus the push to have talks in Las Vegas to pave a smoother road for the journey ahead. 

GM's trip to Vegas comes after Formula 1 President Stefano Domenicali stopped returning Michael Andretti's calls or texts. In addition, the move also comes after General Motors was urged by F1 to ditch the Andretti-Cadillac joint venture and join an existing team on the grid. That would also potentially solve the problem of having to share revenues with an additional team. 

However, GM made it clear that it was committed to its partnership with Andretti Motorsport and it will become a part of the F1 grid as Andretti Cadillac, thus pushing Liberty Media to finalize their application.

Speaking to AP news, General Motors President Mark Reuss said:

“The collaboration between Andretti-Cadillac brings together two unique entities built for racing, both with long pedigrees of success in motorsport globally."

Andretti Cadillac's entry into Formula 1 comes at a time when the sport has been stretching its arms to the American public with five races now across North America. The American team plans to have IndyCar driver Colton Herta for the F1 project, who will be mentored by a teammate with significant racing experience in Formula 1.