P1racenews AI automatic summary:
Cadillac has plans to invest in a $150 million power unit facility in Concord, North Carolina to bolster its Formula 1 venture.
Cadillac has earned a spot in the 2026 F1 season, partnering with Ferrari for two years, aligning with General Motors’ plan to debut its F1 powertrain in 2028. The project is underway at Hendrick Motorsports, with Russ O’Blenes named as CEO. Cadillac aims to build its F1 engine base adjacent to Hendrick Motorsports in Concord, with plans to open in early 2027. A $65-70 million facility is planned, with a $70-85 million investment for transformation. The agenda proposes grants totaling over $749,700 to support the construction and development of Cadillac’s cutting-edge Formula 1 engine. The project targets having the new engine ready for integration by 2028, showcasing Cadillac’s competitive entry into Formula 1 racing.
