GM Registers to Make Formula 1 Race Car Power Units and Shares Climb

By
Bill McColl
Bill McColl
Full Bio

Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the most notable news stories of the time.

Learn about our editorial policies
Published November 14, 2023
General Motors

SOPA Images / Contributor / Getty Images

Key Takeaways

  • GM said it formally registered with the governing body of Formula 1 racing to be a power unit manufacturer starting in the 2028 season.
  • The carmaker indicated the work to develop and test F1 power units will help it in other areas of its business.
  • GM teamed with Mario Andretti's Andretti Global to create the Andretti Cadillac, and Formula 1 officials approved the racing firm's application to compete in the Formula 1 World Championship.

General Motors (GM) said it formally registered with the governing body of Formula 1 (F1) racing, the FIA, to be an F1 power unit manufacturer beginning in the 2028 season.

GM explained that its development and testing of prototype technology is already underway. It added the work will advance its expertise in such areas as electrification, hybrid technology, sustainable fuels, high efficiency internal combustion engines, advanced controls, and software systems.

The carmaker had announced earlier this year in January that it was teaming up with racing legend Mario Andretti’s Andretti Global to have a Cadillac car compete in the FIA Formula One World Championship.?

Last month, the FIA gave its approval to Andretti’s Expression of Interest application for the Andretti Cadillac to be in the race. GM President Mark Reuss explained the Andretti Cadillac will have a GM power unit.?

Shares of GM rose close to 5% on Tuesday, but remained lower for the year.

GM

TradingView
Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. General Motors. “GM Registers as a Formula 1 Power Unit Manufacturer.”

  2. General Motors. “Andretti Global and General Motors Team Up in F1 Pursuit.”

Take the Next Step to Invest
×
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
Service
Name
Description