F1 has confirmed its intention to add an 11th team, with the current plan targeting a 2026 debut for the new outfit.
The entry, if ratified, will be spearheaded by General Motors (GM), one of the largest automotive companies in the world.
It would see the Cadillac brand join the grid as the second US-licenced team.
Early last year, the FIA launched a process for prospective new F1 teams, with an application submitted by ex-F1 driver Michael Andretti approved by the governing body.
However, F1’s commercial rights holders denied Andretti’s bid while leaving the door open for 2028, when General Motors signed up to join as a power unit manufacturer.
Despite the setback, Andretti continued to push ahead with plans as it started its own F1 car development and opened a factory at Silverstone.
But a recent organisational change saw Michael Andretti take a step back from his ownership role at Andretti Global, with Dan Towriss taking over the reins.
On the build-up to the Las Vegas Grand Prix last weekend, RacingNews365 revealed that GM was close to being confirmed as an 11th team.
F1 has issued a statement of intention toward the new squad for the 2026 season, when fresh technical regulations will come into play.
The original timeframe for GM to enter F1 as a power unit supplier is still being worked on, meaning the team is set to be a customer when it first joins the grid.
GM’s entry would mark the first time in 10 years that the F1 field has had more than 20 cars on the grid.
