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.

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.

Since Liberty Media bought F1 in 2017, the sport has become increasingly popular in the USA, with three races now held there every year.

Formula 1 is set to have 11 teams in 2026 after reaching an "agreement in principle" with General Motors, which will use its Cadillac brand.

General Motors and TWG Global have reached an agreement in principle with Formula 1 to bring a Cadillac team to the series in 2026. GM is also launching an F1 power unit that will put the Cadillac Formula 1 Team on the path to being a “full works” team — building its own F1 vehicles and power units — by the end of the decade.

Nearly a month after Michael Andretti stepped down from his leadership role with Andretti Global and nearly a year after his bid to join the Formula One grid as a team owner, Formula One is approving a big by General Motors to join the racing series.

Former Formula One world champion Mario Andretti has confirmed he will have a role with the new Cadillac team which is set to join the grid in 2026. Monday's announcement of an 11th team when new rules are introduced in two years is another indication of F1's huge push into the United States,

F1 confirm agreement over NEW team in shock statement. The news comes almost a year after Andretti Global's original attempt to become the 11th team on the grid was rej

In 2026, a Cadillac-backed team will enter Formula 1 — but not under the Andretti name. Still, Mario Andretti has a role there.

The Andretti name isn't completely gone from the GM Formula 1 team as the racing legend is brought on as a director to the new outfit.

Formula 1 already came out with a statement and now General Motors has followed suit: Cadillac will make its entry into Formula 1, the US company has confirmed the earlier news. Moreover, it has been announced that Mario Andretti will serve as chief executive.