FW17 wrote: ↑Tue Nov 26, 2024 2:38 pm
Mogster wrote: ↑Tue Nov 26, 2024 2:05 pm
FW17 wrote: ↑Tue Nov 26, 2024 5:35 am
I think if it is a Honda engine, Tsunoda will be attached to it.
Got to love this line from MBS-
".......... to bring a GM/Cadillac branded team on the grid for the 2026 FIA Formula One World Championship."
Elsewhere
The announcement also confirms TWG (The Walter Group) Global’s position as the parent company that owns and operates Andretti Global, in addition to the Cadillac F1 program.
TWG group has Mark Walters (CEO and founder Guggenheim Partners and shareholder in Group 1001) and Dan Towriss (founder and CEO of Group 1001) as main shareholders
Mark Walters
Los Angeles Dodgers baseball team - 27%,
Los Angeles Lakers - 20%
Chelsea Football Club - 12.7%
TWG owns the Andretti Racing LTD Silverstone UK base with 48,000 sft and 250 staff currently since 2022 and the Fishers USA Andretti Global HQ which is 400,000 sft (which will house the Indy and IMSA teams). Wonder how the US base will be used.
It would be great if all the race car manufacturing, building of cars and race team are based in the US and the design continues at UK office. With less than half races happening in Europe (could reduce further in 2026), it should not be a negative basing the race team in USA as it used to be.
Experienced F1 staff are in the UK or Northern Italy. It’s far easier to poach staff if the furthest they need to travel is at best to the building next door, at worst to a different town in central England.
I understand for the designers, but for everything else (high tech manufacturing, car building, race team, , data engineers, strategy, HR, Finance, Marketing etc.) can be done in the US
Not sure you get how integral every single member of an F1 team is to the success of said team. A relative worked for Williams F1. Sir Frank Williams valued everyone, including the cleaners. Ideally you want to have your team located in the same geographic location to ensure things run as smoothly as possible. McLaren, Williams, Red Bull, Aston Martin etc all do it that way.
You also have to factor in the specialist suppliers to F1 teams that have decades of experience in producing very niche components for F1 teams. Most of that is based in the UK, Italy and a few other European countries. I know you'll say "But you can ship that stuff to America". However given the tight turnarounds in F1, you'd be shipping in supplies from Europe to the US, then flying back to Europe and then onto Races in Europe and the Middle East etc. It's why Andretti has been building it's team in the UK. You can hire the best and not have to factor in trying to persuade them to uproot families to move to the US.