Andretti-Cadillac Bid for New F1 Team Advances Despite Caution from Existing Teams

The FIA has approved Andretti Global's bid for a new Formula 1 team in partnership with Cadillac.
The bid now faces further review by Formula One Management regarding commercial arrangements.
Existing F1 teams have expressed concerns about potential revenue dilution from adding a new entrant.
Andretti aims to build an all-American F1 team and attract top American talent, capitalizing on F1's growth in the US.
If approved, Andretti-Cadillac would become the 11th Formula 1 team and join the grid in 2025 or later.