Andretti F1 Bid Gaining Momentum Thanks to GM.Mario Andretti believes General Motors entrance into Formula 1 would be a “wonderful thing for motor racing.”

Michael Andretti wants to bring General Motors to Formula 1 with its Cadillac brand. A decision on whether any new Formula 1 teams will be allowed is expected this summer. The FIA, Formula 1’s governing body, has opened an application process for prospective new teams, but most of the existing Formula 1 operations have been resistant to new teams due to the impact it would have on their share of the prize money. Three months ago, Formula 1 CEO Stefano Domenicali said Michael Andretti was “not smart” when he labeled the current teams greedy over their desire to protect their financial interests. When asked if it was going to happen, he replied, “It better.”

It’s going,” Andretti said initially when asked at Darlington (S.C.) Raceway on Friday. Mario Andretti initially had only a few words when asked how his son Michael Andretti’s efforts to field a Formula 1 team were progressing, but his frustration with the process became more apparent as he talked.

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