The FIA recently announced that it would soon open a formal review process for applications to field a team in the series.
Other brands, like Porsche and Audi, are also reportedly looking at ways to join the series.Ībout 10 teams compete in Formula One racing at any given time, a number that rarely changes. It costs hundreds of millions of dollars in just a single season to compete, but Formula One is seen as highly prestigious and regarded as the top tier of racing. Luxury car brands like Mercedes, Alfa Romeo, Aston Martin and, of course, Ferrari - a brand that, quite literally, made its name in Grand Prix racing - all compete in Formula One. Before 2022, the only Formula One races in the US in the past decade were held in Austin, TX. The Netflix documentary series “Drive to Survive” has been one factor that has increased the sport’s visibility in the US, and races in Miami and Las Vegas have been added to the race calendar in recent years. Formula 1 racing has found increased popularity in the United States, Cadillac’s main market.
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