P1racenews AI automatic summary:
Following the news that Andretti Global’s bid to enter Formula 1 in the near future has been rejected, a disappointed Mario Andretti has taken to social media to express his dismay.
Mario Andretti expressed his devastation after Formula 1 rejected his bid to establish an 11th Formula 1 team. His son, Michael Andretti, was leading the effort and had received approval from the FIA. Andretti Global had plans to enter F1 in 2025 with operations already underway at its factory. However, F1’s commercial rights holders did not see the value in Andretti’s participation and rejected their bid. While there is a possibility for reconsideration in 2028 when General Motors joins as a Power Unit manufacturer, Andretti will not be able to enter the sport in the next two years.
