Wolff: Andretti F1 bid made a statement with Cadillac and GM tie-up

Mercedes Formula 1 team boss Toto Wolff has softened his stance on the prospect of Andretti joining Formula 1, admitting the team's tie-up with Cadillac is a "statement".

Wolff: Andretti F1 bid made a statement with Cadillac and GM tie-up

US racing stalwart Michael Andretti has been on the front foot trying to gather support for an F1 entry, including months of lobbying in the paddock.

But enthusiasm for Andretti becoming an 11th team on the grid, which requires the approval of both the FIA and F1, has been lukewarm at best.

PLUS: How a hockey expansion rule could benefit Andretti's F1 bid

It is understood a large majority of F1 teams are not keen on having to share the prize pool with an extra entrant.

Their concerns come amid questions over whether the current $200 million dilution fund Andretti would have to pay is enough to reflect the increased value of an F1 entry following the sport's popularity boom.

Last summer Mercedes, chief Wolff said any expansion team would have to add value to the sport, saying: "Andretti is a great name but this is sport and this is business and we need to understand what is it that you can provide to the sport."

"And if an OEM or a multinational group joins F1 and can demonstrate that they are going to spend X amount of dollars in activating, in marketing; that's obviously a totally different value proposition for all the other teams."

Now Andretti appears to have done exactly that by joining forces with GM brand Cadillac, Wolff has softened his stance and admits partnering with an OEM is a massive box ticked for Andretti.

Michael Andretti, Chief Executive Officer & Chairman Andretti Autosport

Michael Andretti, Chief Executive Officer & Chairman Andretti Autosport

Photo by: Andreas Beil

"Cadillac and GM, that's a statement. Certainly, them joining forces with Andretti is definitely a positive," Wolff said.

"It gives it another angle that may or may not be beneficial for Formula 1, but definitely nobody would ever question GM's or Cadillac's pedigree in motorsport, and obviously as a global auto company."

Read Also:

New Williams team principal James Vowles, who joins the Grove outfit after years of acting as Mercedes' chief strategist, added that F1 still needs to gain a better understanding of how Andretti and Cadillac are planning on contributing to its growth.

"We're always open to the sport growing, but the truth behind it is the sport financially needs to become more and more successful.

"Whoever joins in that environment needs to bring with it effectively the growth that is required in order for everyone else to be in a better position, or at least a neutral position.

"And I think it's been the statement from the outset, from the beginning.

"There are a lot of lovely things about Andretti and about Cadillac. It just needs to have a good understanding of how it will grow the sport, in what way, and what the growth will be."

shares
comments

Related video

Vowles: I won’t turn Williams into a ‘mini-Mercedes’ F1 team
Previous article

Vowles: I won’t turn Williams into a ‘mini-Mercedes’ F1 team

Next article

Red Bull reveals launch date of 2023 F1 car

Red Bull reveals launch date of 2023 F1 car
How Tyrrell became a racing Rubik’s cube as it faded out of F1 Plus

How Tyrrell became a racing Rubik’s cube as it faded out of F1

Formula 1’s transformation into a global sport meant the gradual extinction for a small team determined to stay true to its low-budget roots. But Tyrrell would eventually be reborn as a world-beating outfit again, explains MAURICE HAMILTON, albeit in different colours…

Assessing Hamilton's remarkable decade as a Mercedes F1 driver Plus

Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Many doubted Lewis Hamilton’s move from McLaren to Mercedes for the 2013 Formula 1 season. But the journey he’s been on since has taken the Briton to new heights - and to a further six world championship titles

Formula 1
Feb 2, 2023
Why new look Haas is a litmus test for Formula 1’s new era Plus

Why new look Haas is a litmus test for Formula 1’s new era

OPINION: With teams outside the top three having struggled in Formula 1 in recent seasons, the rules changes introduced in 2022 should have more of an impact this season. How well Haas does, as the poster child for the kind of team that F1 wanted to be able to challenge at the front, is crucial

Formula 1
Feb 2, 2023
The Mercedes F1 pressure changes under 10 years of Toto Wolff Plus

The Mercedes F1 pressure changes under 10 years of Toto Wolff

OPINION: Although the central building blocks for Mercedes’ recent, long-lasting Formula 1 success were installed before he joined the team, Toto Wolff has been instrumental in ensuring it maximised its finally-realised potential after years of underachievement. The 10-year anniversary of Wolff joining Mercedes marks the perfect time to assess his work

Formula 1
Feb 1, 2023
The all-French F1 partnership that Ocon and Gasly hope to emulate Plus

The all-French F1 partnership that Ocon and Gasly hope to emulate

Alpine’s signing of Pierre Gasly alongside Esteban Ocon revives memories of a famous all-French line-up, albeit in the red of Ferrari, for BEN EDWARDS. Can the former AlphaTauri man's arrival help the French team on its path back to winning ways in a tribute act to the Prancing Horse's title-winning 1983?

Formula 1
Jan 31, 2023
How do the best races of F1 2022 stack up to 2021? Plus

How do the best races of F1 2022 stack up to 2021?

OPINION: A system to score all the grands prix from the past two seasons produces some interesting results and sets a standard that 2023 should surely exceed

Formula 1
Jan 31, 2023
Who were the fastest drivers in F1 2022? Plus

Who were the fastest drivers in F1 2022?

Who was the fastest driver in 2022? Everyone has an opinion, but what does the stopwatch say? Obviously, differing car performance has an effect on ultimate laptime – but it’s the relative speed of each car/driver package that’s fascinating and enlightening says ALEX KALINAUCKAS

Formula 1
Jan 30, 2023
Why F1's nearly man is refreshed and ready for his return Plus

Why F1's nearly man is refreshed and ready for his return

He has more starts without a podium than anyone else in Formula 1 world championship history, but Nico Hulkenberg is back for one more shot with Haas. After spending three years on the sidelines, the revitalised German is aiming to prove to his new team what the F1 grid has been missing

Formula 1
Jan 29, 2023