Image source: Motorsport Week
P1racenews AI automatic summary:
Williams boss James Vowles has vowed it is up to F1 to present the “correct proposal” to compensate existing teams amid General Motors’ impending arrival.
General Motors and Cadillac are set to join F1 as the 11th team on the grid starting in 2026, following an agreement in principle with F1. While FOM rejected a collaboration with Andretti Global earlier, they approved the entry of General Motors. However, concerns about the financial implications remain. General Motors is reportedly agreeing to pay more than double the current fee to secure their spot in the sport. With this expansion, financial impacts on existing teams are expected, but efforts will be made to ensure the growth and stability of Formula 1.
