General Motors Drives into Formula 1: A New Chapter Unfolds
Close up 3/4 shot of black Formula 1 race car with white Cadillac logo on engine cover and halo by General Motors
NOVEMBER 30TH, 2023
GM to Enter Formula 1 in 2028 Season
In a groundbreaking move that echoes with the legacy of innovation, General Motors (GM) has officially registered with the Fédération Internationale de l'Automobile (FIA) as a Formula 1 power unit manufacturer. The announcement signifies GM's strategic leap into the pinnacle of motorsports, set to commence with the 2028 season.
The New Powerhouse
GM President Mark Reuss expressed excitement about the venture, revealing that GM's new Andretti Cadillac F1 entry will be propelled by a GM power unit. This move positions Andretti Cadillac as a formidable works team, ready to compete at the highest echelons of Formula 1.
Reuss stated, “With our deep engineering and racing expertise, we’re confident we’ll develop a successful power unit for the series, and position Andretti Cadillac as a true works team. We will run with the very best, at the highest levels, with passion and integrity that will help elevate the sport for race fans around the world.”
Andretti Cadillac Gears Up
The momentum had been building. Last month, the FIA greenlit Andretti’s Expression of Interest application, officially paving the way for Andretti Cadillac to join the illustrious lineup of the FIA Formula One World Championship. The partnership between Andretti and Cadillac, backed by GM's powerhouse of technological prowess, promises an exciting chapter in Formula 1.
GM's Technological Odyssey
GM’s foray into Formula 1 isn’t merely a race; it’s a technological odyssey. The company has already initiated the development and testing of prototype technology, heralding advancements in electrification, hybrid technology, sustainable fuels, high-efficiency internal combustion engines, and cutting-edge controls and software systems.
For over a century, racing has served as a crucible for GM and Cadillac, where knowledge and technology seamlessly transfer between the high-speed world of race cars and the production vehicles that grace our roads. Cadillac’s V-Series performance portfolio, celebrating its 20th anniversary, is a testament to this transfer of insights from the track to the road.
Cadillac's Triumphs on the Track
Cadillac, with its storied history of racing success, has recently celebrated triumphs with the 5.5L DOHC V-8 powertrain in the 2023 IMSA and WEC seasons. Securing a podium finish at the prestigious 24 Hours of Le Mans and sweeping top championship honors in the inaugural IMSA Grand Touring Prototype season, Cadillac Racing continues to be a force to be reckoned with on the global racing stage.
As GM charges into the dynamic world of Formula 1, it not only embraces the thrill of competition but also reinforces its commitment to pushing the boundaries of automotive technology. The roar of GM-powered engines will soon resonate across Formula 1 circuits, marking the beginning of an exciting chapter in the history of motorsports.
Notice Regarding Forward-Looking Statements
This communication may contain forward-looking statements within the meaning of the securities laws, including statements regarding our future business plans, growth prospects, and strategic initiatives. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our business and industry, as well as on management's beliefs and assumptions. Statements that are followed by or include words such as "aim," "anticipate," "believe," "estimate," "expect,” “forecast,” "intend," "plan," "project," "seek," "may," "could," "will," “should,” or similar expressions and narratives thereof are subject to this notice. Forward-looking statements may include, but are not limited to, statements regarding anticipated future plans or performance, projections and expectations, market trends, expansion opportunities, and potential strategic partnerships or acquisitions. These statements are subject to various risks, uncertainties, and assumptions, including those described in our newsletters, website, and filings with regulatory authorities.
While our company is not subject to the same regulatory requirements as publicly traded companies, we recognize the importance of providing transparent and accurate information to our stakeholders. Accordingly, our forward-looking statements are made in accordance with applicable laws and regulations governing corporate communications and are based on current information and reasonable assumptions.
Actual results may differ materially from those expressed or implied by these forward-looking statements due to various factors beyond our control. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Our general audience and stakeholders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
