Andretti Cadillac released the following statement on Monday after the FIA confirmed that they have approved Andretti Formula Racing’s application for entry into the Formula One World Championship.

Andretti Cadillac is honored that the FIA has approved Andretti Formula Racing’s Expression of Interest for the FIA Formula One World Championship. We appreciate the FIA’s rigorous, transparent and complete evaluation process and are incredibly excited to be given the opportunity to compete in such a historic and prestigious Championship.

The formation of this distinctly American team is an important moment of pride for all our employees and fans. We feel strongly that Andretti Cadillac’s deep racing competencies and the technological advancements that come from racing will benefit our customers while heightening enthusiasm for F1, globally.

We look forward to engaging with all of the stakeholders in Formula One as we continue our planning to join the grid as soon as possible.

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