Andretti Global and General Motors (GM) have teamed up to create a bid that could see the pair launch into Formula 1 (F1) under the Cadillac brand, however, approval is needed by both F1 and the FIA.

Michael Andretti expressed his interest in joining the F1 grid last year, but the teams were reluctant to add an 11^th outfit, however, after developments from the FIA, president Mohammed Ben Sulayem confirmed the governing body has opened the process of adding a new team.

If added to the grid, the Cadillac team will operate out of the Andretti Global headquarters in Indiana, but will also have a satellite facility in Europe, which is where all ten teams currently operate from.

Additionally, the organisation has agreed a deal with an engine supply if the bid succeeds, where GM president, Mark Reuss, said: “We have a signed agreement with a power unit supplier to begin with, and then as we move forward we bring a lot of our expertise to create things for the future as well.”

On a new entrant, an F1 statement said: “There is great interest in the F1 project at this time with a number of conversations continuing that are not as visible as others.”

“We all want to ensure the championship remains credible and stable and any new entrant request will be assessed on criteria to meet those objectives by all the relevant stakeholders. Any new entrant request requires the agreement of both F1 and the FIA,” it said.

On their bid, Andretti, said: “We feel very confident that once the expression of interest goes out, especially having our great partnership with Cadillac, that we have a very, very good shot at checking every box and being able to be on the grid soon.”

“One of the big things was, well what does Andretti bring to the party? Well, we’re bringing one of the biggest manufacturers in the world with us in GM and Cadillac, so that was the one box we didn’t have checked which we do have checked now, and will bring a tremendous amount of support to Formula One, and it’s hard for anyone to argue with that now,” he said.

The news comes after Audi announced that it will join F1 as an engine manufacturer from 2026.