General Motors wants to enter Formula One. However, it will only do so with Andretti Global. According to sportsbook PPH sources, GM is not considering other teams to partner with to enter the worldwide motorsport series.
An executive delegation from General Motors will attend next week’s Las Vegas Grand Prix to initiate talks with Formula One and series owner Liberty Media over the Andretti application. Speaking to the Associated Press at last month’s U. GP that F1 President Stefano Domenicali was ignoring his calls and texts.
F1’s governing body, the FIA, announced a month ago that Michael Andretti’s bid was the only one of seven candidates to achieve all essential requirements to extend F1’s current grid from 10 teams to 11. According to sportsbook software experts, General Motors and its luxury Cadillac division have collaborated on the Andretti app.
Because of the probable drop in revenue, Liberty and Domenicali have repeatedly stood with most of the current ten teams opposing increasing the 20-car grid.
General Motors Wants to Enter Formula One
Without a say in the matter, the teams complain that losing the Andretti team’s two cars will reduce their profits throughout the Formula One season. Even with the anti-dilution cost of $200 million, those against growth say it eats into their earnings, and they have too much money invested to participate.
Andretti should purchase a team, the other teams say, rather than add more cars to the grid. While no teams actively promote themselves in the public eye, Andretti has previously sought and failed to acquire the 2020 Sauber team.
According to bookie PPH reports, Andretti said they will proudly represent the United States now that there are five F1 races in North America. He has advocated for current IndyCar driver and California resident Colton Herta to compete for Andretti Global in Formula One, stating that the Andretti brand adds significant value to the championship.
His father, Mario Andretti, won the Formula One title in 1978, and Michael competed in 13 F1 races in 1993. The father and son are among the most successful drivers in American open-wheel history and are third and fourth on IndyCar’s all-time victory record.