Washington, March 8 -- US car giant General Motors has had its Formula 1 entry for the 2026 season formally approved.
It will name the new team after its luxury Cadillac brand.
The decision to approve GM's bid comes just over two months after the company reached an agreement in principle with F1 to enter the sport next year, the BBC reported.
F1 had previously rejected a bid from the US team Andretti, which was linked to Cadillac.
But the greater commitment of GM in a new proposal put forward later in the year has convinced
F1 to admit Cadillac.
A joint statement from F1 and motorsport's governing body the FIA said Cadillac's bid had been approved "following the completion of their respective sporting, technical and commercial assessm...