“They’ve been working hard to secure personnel. “They’re far enough along that, if they get the approval to be added to the 10 teams that exist in F1, they’re ready to go the next day and put everything in place. “Michael has been working on this for quite a long time, but he’s taken a different direction since there’s no teams available to buy,” Mario told IndyStar. He clarified, adding that Gainbridge, whose parent company is Group 1001 and serves as primary sponsor for Andretti Ind圜ar driver Colton Herta, is not partnering on the deal. Honda, Andretti's engine partner in Ind圜ar, exited the F1 engine-making business this offseason, with Red Bull allowed to use the technology and build engines for itself and AlphaTauri through the end of the 2024 campaign.Īdditionally, Mario told IndyStar that Dan Towriss, the president and CEO of Group 1001 (an Indiana-based insurance holdings company), is partnering with Michael Andretti in the team. Renault, which runs in F1 under its sports car brand 'Alpine,' most recently served as an engine supplier for McLaren in 2020 and currently makes its own engines. At the moment, Mercedes supplies power units for itself, Williams, McLaren and Aston Martin, while Red Bull makes engines for itself and sister team AlphaTauri, and Ferrari for itself, Alfa Romeo and Haas. Mario said the team has already secured an engine partner, though he wouldn’t confirm the automaker. When reached for comment, Andretti Autosport confirmed Michael’s application to the FIA but said it could offer no further comment. In an exclusive interview with IndyStar, the elder Andretti divulged that F1’s possible 11th two-car team, to be named Andretti Global, would have its home base in England with the cars made at a yet-to-be-built “state-of-the-art” facility in Indianapolis near the team’s Ind圜ar and Indy Lights headquarters. The goal is to have the team on-track by 2024.

Mario Andretti says his son Michael would be “ready to go the next day,” should his application to the FIA to create a new Formula 1 team be approved.

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