F1 News: Stefano Domenicali assures Cadillac’s entry into F1 is near

With the F1 season opener fast approaching, Stefano Domenicali has indicated that the F1 grid will expand next season with Cadillac, making the competition more fierce.

“There is the formality that is related to the process that [is] almost ready. Together with the FIA there has to be an update and whenever this will be ready, it should be not too long, there will be an update to formalize what basically has already happened. So they will be ready to fight against or together with the other teams for next year.” said Domenicali.

It is worth noting that it was Andretti who originally applied to be in F1 over two years ago; however, his bid was rejected by FOM multiple times before he got backed by Cadillac.

Domenicali has also backed Cadillac’s entry due to the value and the technological expertise they bring as a team. F1 will hope to exchange valuable information with Cadillac in regards to the performance of the cars.

“GM want to be a real constructor or a manufacturer that will invest in our sport because they do believe in the technological platform that the F1 can provide to their system,” he added. “So I’m very, very happy that now this is on board, moving forward, and looking forward to see them on the track together with the other teams to fight for a great championship.”

The biggest factor is the American audience that the new team will bring. While F1 is not unpopular in the USA, bringing Cadillac can only improve their current standing as a sport in the country. Bringing even more audience is better for F1’s revenue. An increase in revenue will make the prize pool bigger, allowing even more flexibility to Cadillac’s entry.