After months of review, Formula 1 has abruptly rejected the start of an Andretti racing team in Formula 1 next year.
Unlike the world automobile association Fia, which had fueled the hopes of former racing driver Michael Andretti, the Formula 1 leadership came to the conclusion that an eleventh team would not be of any use to the racing series from next year. “We do not believe that the applicant would be a competitive participant”said in a statement on Wednesday (01/31/24).
Formula 1: Would not benefit from “Andretti”.
The name Andretti has a certain level of recognition among Formula 1 fans, “but our research shows that Formula 1 would bring more value to the Andretti brand than the other way around,” explained the management of the racing series. Andretti had already published pictures of a car in the former Toyota wind tunnel in Cologne. The design has been in progress there since October.
Formula 1 also justified the decision with the major engine rule reform from 2026. Building a car and engine for just 2025 and thus being competitive, and then producing a completely new drive for 2026, was considered practically hopeless. In two years, half of the engines will be combustion engines and half will be electric, and they will also run on 100 percent sustainable fuel.
Andretti defends himself: “Proud of the progress”
Andretti contradicted Formula 1’s statements in a statement “vehemently”. The team is “proud of the progress”which it has already done and wants to do when developing the car and engine “continue working at this pace”.
Entry opportunity as a GM factory team in 2028
Formula 1 still sees an opportunity for Andretti to get started, but only in four years. GM will be an engine supplier in Formula 1 from 2028. The engines will be made available exclusively to the Andretti-Cadillac team.
When the US car manufacturer announced this, FIA President Mohammed bin Sulayem was pleased. “The presence of the American cult brands Andretti and GM strengthens the long-term sustainability of the sport,” he emphasized. The head of the International Automobile Association is a supporter of further entrants; his association also gave the Andretti application the green light.
Rival teams skeptical from the start
The current teams were skeptical about the plans from the start. You would then have to share the proceeds with another racing team. Currently, a newcomer has to pay around 189 million euros as compensation, which is distributed among the existing teams. However, the racing teams are pushing for this payment to be increased significantly.