Andretti Cadillac says it is honored to have been approved by the FIA to join the Formula 1 grid as it prepares for discussions with Formula One Management (FOM) regarding a commercial agreement.
The FIA confirmed Andretti – under the trading name of Andretti Formula Racing LLP – is the only team it has approved to move onto the next stage of the process to try and enter F1, having undertaken rigorous analysis of four applications. Now Andretti needs to reach an agreement with FOM if it is to gain a spot on the grid, but as the sole candidate to have got this far the team says it is a special milestone.
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“Andretti Cadillac is honored that the FIA has approved Andretti Formula Racing’s Expression of Interest for the FIA Formula One World Championship,” the statement read. “We appreciate the FIA’s rigorous, transparent and complete evaluation process and are incredibly excited to be given the opportunity to compete in such a historic and prestigious championship.
“The formation of this distinctly American team is an important moment of pride for all our employees and fans. We feel strongly that Andretti Cadillac’s deep racing competencies and the technological advancements that come from racing will benefit our customers while heightening enthusiasm for F1, globally.
“We look forward to engaging with all of the stakeholders in Formula 1 as we continue our planning to join the grid as soon as possible.”
There is no set timeframe for when discussions will commence with FOM nor when a decision will be made by, but RACER understands Andretti ideally wants to target an entry in 2025 if it were to reach an agreement with the commercial rights holder.