A Cadillac team is set to be part of Formula 1 racing in 2026, and it won't just be the American luxury brand's name on the cars competing against the likes of Ferrari and Mercedes in coming years.

General Motors Co. and TWG Global said Monday they’ve reached a tentative agreement where GM will have an 11 th team in the global Formula One racing series starting in 2026. The new F1 team will be branded as Cadillac. It would be the first new F1 team since 2016. Each F1 team has two racing cars.

Formula One has reached an agreement in principle to bring a General Motors-Cadillac team onto the grid as an 11th syndicate in 2026. Discussions have been ongoing since January. “With Formula 1’s continued growth plans in the US,