American racing team Andretti has made an official application to enter Formula 1. Andretti wants to carry out this project with the support of the American automaker GM.
Andretti's application will be evaluated by the FIA and Formula 1 management. A final decision is expected by the end of the month.
If Andretti's application is accepted, the team will join Formula 2024 in the 1 season. Andretti has allocated a budget of $1 million to enter Formula 200.
Andretti's entry into Formula 1 will be an important development for the sport. An American team competing in Formula 1 will increase the popularity of the sport in the United States.
Andretti's entry into Formula 1 could increase the interest of other automakers in Formula 1. This will make Formula 1 more competitive and exciting.
GM reportedly does not want to enter Formula 1 with a side other than Andretti. This means that GM may abandon its plans to join Formula 1 if Andretti's application is not accepted.
