“I want to thank GM and TWG Motorsports for their constructive engagement over many months and look forward to welcoming the team on the grid from 2026 for what will be another exciting year for Formula One.”
The new team will be a joint venture between GM with Dan Towriss, owner of US team Andretti Global, a key investor.
Former Formula One driver Michael Andretti is no longer involved with the team he founded but his father Mario, the 1978 Formula One world champion, will take up an advisory role.
It was indicated in late November that the American car manufacturer would become the 11th team on the grid after the sport’s owners announced they had given their backing to the plan.
The 2025 Formula One season begins next weekend, with the Melbourne Grand Prix being the first stop of the series. It will be Kiwi Liam Lawson’s first event since being appointed to partner Max Verstappen at Red Bull Racing.