A Cadillac team is set to be part of Formula 1 racing in 2026, and it won't just be the American luxury brand's name on the cars competing against the likes of Ferrari and Mercedes in coming years.

The United States will have a second team competing in Formula 1 from 2026, when Cadillac Formula 1 will join the sport as its 11th team. The result is a complete 180 for the sport's owner, which was highly resistant to the initial bid,

Formula 1 and General Motors have reached an agreement for the automaker to join the world’s most prestigious racing championship starting in 2026. The new outfit will likely be branded Cadillac and will be the competition’s 11th team.

Formula One announced Monday that “an agreement in principle” has been reached “with General Motors to support bringing GM/Cadillac” to the grid as the sport’s 11th team in 2026.

General Motors Co. and TWG Global said Monday they’ve reached a tentative agreement where GM will have an 11 th team in the global Formula One racing series starting in 2026. The new F1 team will be branded as Cadillac. It would be the first new F1 team since 2016. Each F1 team has two racing cars.