Formula 1 is expanding with an 11th team joining the global motorsport for the 2026 season, namingGeneral Motors(NYSE:GM) with Andretti Global.
While the new team is still over a year away from starting, it will add an increased American presence to the sport and more competition for recent and four-time consecutive championMax Verstappen.
What Happened: Formula 1, which is a unit of publicly tradedLiberty Formula One (NASDAQ:FWONA)(NASDAQ:FWONK), announced it reached an agreement with General Motors for a new team, branded as Cadillac, which will enter beginning in 2026, following up a previous rejection of a GM...
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