GM and TWG signed an agreement in principle with Formula 1 to add an 11th team under its Cadillac brand. The new company will focus on developing powertrains for the

GM and TWG Motorsports team up to make Cadillac a "full works" F1 team by 2026, led by industry leader Russ O’Blenes.

General Motors has set up an engine company to turn its planned Cadillac Formula One entry into a full works team by the end of the decade, the carmaker said on Thursday. The Liberty media-owned sport last November announced an agreement in principle for the team,

General Motors along with TWG Motorsports is forming a new company named GM Performance Power Units LLC. The primary focus of this new entity is the development

General Motors announced Thursday morning the creation of a new business: GM Performance Power Units LLC. The new entity is tasked with helping the new Cadillac Formula 1 outfit become a “full works” team by the turn of the decade.

The new venture will produce Cadillac’s in-house power unit for F1 beyond its deal with current supplier Ferrari