Follow usAmerican businessman Michael Andretti’s dream of having his own team in Formula 1 is getting closer to being a reality. On Monday the International Automobile Federation (FIA) allowed the company Andretti Formula Racing to move forward with the procedure of obtaining a license for the most prestigious placein the world of motor sports.
According to the FIA, Andretti could have his own team as early as 2025, but the procedure could be delayed until 2027.
In order to finalize the procedure for accepting a new team, Formula 1 must also give the green light.
In January, the company of Andretti, who is the son of 1978 Formula 1 world champion Mario Andretti, announced that it wanted to enter Formula 1 under the Cadillac brand and give way to at least one American driver.
The Alpine team, which is backed by the Renault company, has already expressed its readiness to produce engines for the Cadillac team if it enters Formula 1.
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