P1racenews AI automatic summary:
The umbrella company that houses the Cadillac Formula 1 team has been officially launched, revealing more details about a structure that also contains IndyCar, Formula E, NASCAR and IMSA programmes
The umbrella company hosting the Cadillac Formula 1 team has been officially launched, unveiling a structure that includes IndyCar, Formula E, NASCAR, and IMSA programs. When Michael Andretti stepped back from Andretti Global last October, his operations merged with the TWG Group, led by Dan Towriss, bringing all Andretti and Spire NASCAR teams under the TWG umbrella in the new TWG Motorsport structure. Cadillac leads the Formula 1 team, Andretti Global handles IndyCar, Indy NXT, Formula E, and the Australian Supercars team, Spire Motorsports is in NASCAR, and Wayne Taylor Racing competes in the IMSA SportsCar Championship. TWG has formed GM Performance Power Units LLC to spearhead the Formula 1 venture, with Russ O’Blenes as CEO, while retaining existing team names and adding involvement from McLaren’s Zak Brown in Supercars. Dan Towriss is CEO of TWG Motorsports, uniting racing ventures under TWG Group with co-chairs Mark Walter and Thomas Tull like the Dodgers, Chelsea FC, and more, with high-profile hires such as Doug Duchardt and Jill Gregory.
