One team, to be exact. F1 announced on Monday that an agreement in principle has been reached and that a General Motors-Cadillac team will be joining the grid for the 2026 season. The announcement brings to a close months of debate and discussion over a potential 11th team on the grid.

The Cadillac F1 team will utilize power units built by Ferrari until GM begins producing its own engines in 2028.

General Motors has a deal to join Formula 1 under the Cadillac brand and participate in the FIA Formula One World Championship for the 2026 season, the automaker announced on Monday. Formula 1 says it has accepted in principle and will move GM and Cadillac's application forward to become the 11th team on the grid — making it the first new team to join since 2016.

General Motors plans to enter Formula One with its Cadillac brand in 2026 after announcing on Monday an agreement in principle with the Liberty Media-owned sport.

Mick Schumacher could return to fulltime Formula One competition in 2026 as one of the drivers tapped for the new Cadillac F1 team.

Martin Brundle says he’s “really pleased” to see an 11th team joining Formula One with Cadillac on the verge of a 2026 entry into the sport. F1 rejected Andretti’s bid in partnership with GM earlier this year but with former boss Michael Andretti out of the picture,

Formula 1 said it had reached "an agreement in principle" with General Motors (GM), which owns Cadillac, to support bringing a team into the paddock.