What does the Formula 1 expansion mean? Racing is in the fast lane Sport Business So after months of wondering whether Formula 1 would ever have more than 10 teams on the grid again, we have finally got our answer. Late on Monday it was announced that F1 had entered into an agreement in principle with General Motors division Cadillac for an entry into the top level of global motorsport [...]
F1 agrees deal for General Motors and Cadillac grid entry in 2026 Sport Business The Formula 1 grid is set to feature 11 teams for the first time since 2016 after the organisation reached an “agreement in principle” for General Motors to enter when regulations change ahead of the 2026 season. An impasse between the top level of motor racing and the inclusion of an 11th team was solved [...]
F1 owner Liberty Media CEO Maffei to step down after 20 years Sport Business The chief executive of Formula 1 owner Liberty Media Greg Maffei will leave the firm after 20 years, it was announced on Wednesday. Maffei, 64, will be replaced by chairman John Malone, 83, on an interim basis but Maffei will continue on as a senior advisor until a replacement is found. “I have thoroughly enjoyed [...]
Jamie Chadwick: I’d jump at IndyCar spot then F1 seat after Indy NXT win June 10, 2024 Great Britain’s premier female racing driver Jamie Chadwick has said she is targeting an IndyCar seat following her landmark win in its feeder series. The 26-year-old won in the Indy NXT series for Andretti Global on Sunday to become the first female to ever win a race on a road or street circuit in the [...]
Buy existing F1 team, FIA boss tells Andretti May 28, 2024 The president of F1’s governing body has insisted that wannabe grid team Andretti should buy an existing team rather than continuing to introduce a new outfit to the paddock. Andretti have ramped up their hopes of being involved with Formula 1, investing in a UK factory and staff. But they have so far been unsuccessful [...]
Senators demand investigation into F1 as Andretti pick up Symonds May 21, 2024 Six serving senators from the United States have said Formula 1’s refusal to accept Andretti’s bid to become the sport’s 11th team could breach American antitrust laws and are calling for an investigation. In a letter, seen by The Athletic, to the chair of the US Federal Trade Commission Lina Khan and assistant attorney general [...]
