F1 faces the price of success in new Concorde talks
1 year, 8 months ago

F1 faces the price of success in new Concorde talks

The Hindu  

Formula One teams are set to start talks with the sport’s governing body and owners on a new collective agreement with wrangles over a number of thorny issues expected as the sport faces up to the price of success. “We haven’t really started talking properly but that’s going to happen soon,” said Mercedes team principal Toto Wolff, who hopes the talks will be kept behind closed doors. “As with all these things though, it ultimately boils down to, ‘Well, who’s going to pay for it?’ And you can assume that the teams, if they’re perceived to be the ones who are paying for it - or diluting their payments to accommodate it - of course it’s not going to sit that well,” said Red Bull team principal Christian Horner at the weekend’s Miami Grand Prix. The other eight are saying, ‘Well hang on, why should we dilute our element of the prize fund?’” It would be no surprise if the teams push for the entry fee to be raised significantly in the new agreement which could make the timing of the Andretti, or any other new team, arrival highly contentious.

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History of this topic

Michael Andretti’s Formula 1 dream comes to bittersweet fruition without his involvement
1 month, 1 week ago

Michael Andretti’s Formula 1 dream comes to bittersweet fruition without his involvement

The Hindu  

Only the coldest of hearts won’t empathise with Michael Andretti, who has been sidelined from his namesake motorsports organisation and won’t have any role with the the Formula One program he spent the last four years desperately trying to launch. F1’s decision to expand its grid for Cadillac F1 came amidst a federal antitrust investigation into why Liberty Media refused …

Michael Andretti’s Formula 1 dream comes to bittersweet fruition without his involvement
1 month, 1 week ago

Michael Andretti’s Formula 1 dream comes to bittersweet fruition without his involvement

Associated Press  

Only the coldest of hearts won’t empathize with Michael Andretti, who has been sidelined from his namesake motorsports organization and won’t have any role with the the Formula 1 program he spent the last four years desperately trying to launch. F1’s decision to expand its grid for Cadillac F1 came amidst a federal antitrust investigation into why Liberty Media refused …

General Motors strikes deal to bring Cadillac to F1 in 2026
1 month, 2 weeks ago

General Motors strikes deal to bring Cadillac to F1 in 2026

China Daily  

General Motors plans to enter Formula One with its Cadillac brand in 2026 after announcing an agreement in principle with the Liberty Media-owned sport on Monday. "My first love was Formula One, and, now, 70 years later, the F1 paddock is still my happy place," said Andretti in a Cadillac statement. "With Formula One's continued growth plans in the US, …

There’s an ongoing battle happening at the highest level of motor sports
5 months, 3 weeks ago

There’s an ongoing battle happening at the highest level of motor sports

NPR  

There’s an ongoing battle happening at the highest level of motor sports Former race car driver and legendary team owner Michael Andretti wants to join the prestigious Formula 1 series. QUINN KLINEFELTER, BYLINE: Mario Andretti has been a winner in almost every type of racing, including Formula One, something he talked about at a news conference a few months ago …

'The Most Natural Solution is...': Christian Horner 'Surprised' Thwarted F1 Bid by Andretti has Become Political
7 months, 2 weeks ago

'The Most Natural Solution is...': Christian Horner 'Surprised' Thwarted F1 Bid by Andretti has Become Political

News 18  

Red Bull boss Christian Horner expressed his surprise that Formula 1’s decision to block Andretti Cadillac’s attempt to join the series has reached the U.S. Congress. This week, six U.S. senators asked the Department of Justice to examine whether F1’s decision to stop Andretti Cadillac becoming F1’s 11th team violated any antitrust laws. “I was surprised to see that Andretti …

Red Bull’s Horner ‘surprised’ that thwarted F1 bid by Andretti has become political
7 months, 2 weeks ago

Red Bull’s Horner ‘surprised’ that thwarted F1 bid by Andretti has become political

Associated Press  

MONACO — Red Bull boss Christian Horner expressed his surprise that Formula 1’s decision to block Andretti Cadillac’s attempt to join the series has reached the U.S. Congress. This week, six U.S. senators asked the Department of Justice to examine whether F1’s decision to stop Andretti Cadillac becoming F1’s 11th team violated any antitrust laws. “I was surprised to see …

Andretti Global makes key engineering hire in bid to earn a spot in Formula 1
7 months, 2 weeks ago

Andretti Global makes key engineering hire in bid to earn a spot in Formula 1

Associated Press  

INDIANAPOLIS — Mere hours after Formula 1’s chief technical officer said he was leaving after seven years in the role, Andretti Cadillac said it had hired him as its executive engineering consultant. Pat Symonds is not eligible to begin working for Andretti until his non-compete clause period — called “gardening leave” in the United Kingdom — is completed with Formula …

F1 management and FIA reach peace agreement to stop infighting and align on behalf of global series
7 months, 3 weeks ago

F1 management and FIA reach peace agreement to stop infighting and align on behalf of global series

Associated Press  

The contempt between Formula 1 and its governing body has softened, with both sides announcing Wednesday they’ve agreed “to commit to a strategic plan for the future of F1.” FIA President Mohammed Ben Sulayem told The Associated Press at the Miami Grand Prix earlier this month that his relationship with F1 CEO Stefano Domenicali “has never been better” and the …

U.S. House judiciary chairman probes F1’s Andretti rejection
8 months ago

U.S. House judiciary chairman probes F1’s Andretti rejection

The Hindu  

The chairman of the U.S. House of Representatives Judiciary Committee has launched an investigation into Formula One’s rejection of Andretti Cadillac’s bid to become the sport’s 11th team, NBC News reported on Tuesday. Jordan’s letter said, “excuses put forward for denying Andretti Cadillac’s entry appear to be pretextual, arbitrary and unrelated to Andretti Cadillac’s suitability to compete in Formula One.” …

Andretti has crash-tested an F1 car even after series rejection, still interested in NASCAR
10 months ago

Andretti has crash-tested an F1 car even after series rejection, still interested in NASCAR

Associated Press  

ST. PETERSBURG, Fla. — Michael Andretti shied away from discussing his rejection by Formula 1 on Friday in his first interview since the European series denied his application to join the grid as a true American team. The series in January finally announced after a six-month review of his application that Andretti and General Motors under their Cadillac bid would …

Formula One’s invitation for in-person meeting with Andretti Cadillac went to a spam email folder
11 months, 1 week ago

Formula One’s invitation for in-person meeting with Andretti Cadillac went to a spam email folder

Associated Press  

Formula One’s invitation to Andretti Cadillac for an in-person meeting about its application to join the motorsports series was sent via email and landed in a spam folder, which is why Michael Andretti and General Motors representatives never answered the request. The junk email revelation came Friday as Andretti Global sought to clarify two points in the sharply critical document …

Formula One rejects Michael Andretti’s bid to join series, will reconsider when GM has engine built
11 months, 1 week ago

Formula One rejects Michael Andretti’s bid to join series, will reconsider when GM has engine built

Associated Press  

After a six-month review, Formula One announced Wednesday that it had rejected a bid by Andretti Global and General Motors to expand the grid for the 2025 season and said it believed the team would have been incapable of being competitive in the international racing series. “I won’t say anything else because I can’t find any other words besides devastated.” …

Andretti Global clears first hurdle to join Formula One as an 11th team with FIA expansion approval
1 year, 3 months ago

Andretti Global clears first hurdle to join Formula One as an 11th team with FIA expansion approval

Associated Press  

Michael Andretti cleared a major hurdle in his bid to launch an American team in Formula One after the FIA said Monday that Andretti Global meets all required criteria to expand the world’s top motorsports series to 11 teams. California businessman Gene Haas owns an F1 team, but Andretti contends his team will truly represent the United States since Haas …

‘Greedy’ F1 owners putting themselves ahead of sport, says Andretti
1 year, 11 months ago

‘Greedy’ F1 owners putting themselves ahead of sport, says Andretti

The Hindu  

Michael Andretti labelled Formula One team owners “greedy” on Tuesday and said them putting their self-interest ahead of the sport was the reason for the tepid reaction to his bid to bring an all-American team to the series. Formula One owners have expressed indifference to the announcement last week that Andretti Global and General Motors brand Cadillac were joining forces …

FIA boss Sulayem surprised by ‘adverse reaction’ to Andretti F1 plan
2 years ago

FIA boss Sulayem surprised by ‘adverse reaction’ to Andretti F1 plan

The Hindu  

The head of Formula One’s governing body on Sunday strongly supported a proposed new Andretti Cadillac all-American team and said he was surprised by “adverse reaction” to the plan. Formula One issued a lukewarm reaction on Thursday to the announcement that Michael Andretti’s Andretti Global and General Motors brand Cadillac were joining forces in a bid to become the sport’s …

F1 | Andretti partners with General Motors for Cadillac bid
2 years ago

F1 | Andretti partners with General Motors for Cadillac bid

The Hindu  

General Motors will attempt to enter Formula One by partnering with Andretti Global under its Cadillac banner as it supports Michael Andretti's bid to launch a two-car American team. Andretti has continued to move forward with his desire — he's got financial backing to buy into F1, a deep-pocketed sponsor in Gainbridge, a new shop being built in Indiana, and …

Andretti Global Teams with Cadillac in F1 Bid
2 years ago

Andretti Global Teams with Cadillac in F1 Bid

News 18  

America’s Andretti Global is revving up its bid to join Formula One, announcing a partnership on Thursday with General Motors to provide Cadillac engines for the proposed team. “We are continuing to grow Andretti Global and its family of racing teams and always have our eyes on what’s next,” team chief Michael Andretti said in a statement. 💪Andretti Autosport is …

FIA boss wants to start process for more teams to enter F1
2 years ago

FIA boss wants to start process for more teams to enter F1

The Hindu  

Formula One’s governing body is ready to start a process for new teams to enter the championship, president Mohammed Ben Sulayem said on Monday. “I have asked my @FIA team to look at launching an Expressions of Interest process for prospective new teams for the FIA @F1 World Championship,” International Automobile Federation head Ben Sulayem posted on Twitter. I have …

All 10 F1 teams sign new Concorde Agreement, committed until 2025
4 years, 4 months ago

All 10 F1 teams sign new Concorde Agreement, committed until 2025

The Hindu  

Formula One's 10 teams have committed to the sport until at least the end of 2025 by putting their signatures to a new commercial 'Concorde Agreement'. Formula One and the governing FIA on Wednesday said in a joint statement the agreement will secure the long-term sustainable future for the sport and reduce the financial and on track disparities between the …

Ferrari, McLaren and Williams sign new F1 agreement
4 years, 4 months ago

Ferrari, McLaren and Williams sign new F1 agreement

The Hindu  

Formula One's three oldest and historically most successful teams -- Ferrari, McLaren and Williams -- committed to the sport until at least the end of 2025 on Tuesday by putting their signatures to a new commercial 'Concorde Agreement'. “This is the right deal at the right time for the sport, its owners, its teams and, most of all, the fans,” …

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