It seems that the Andretti F1 Team's entry into the racing circus has been thwarted not by the project itself, but by a certain individual.
During the Las Vegas Grand Prix, several leading international magazines reported that an agreement regarding the announcement of the new team was close. However, not in the form we had expected. It appears that Michael Andretti's strong push was not well-received by many, but with his step back, the path may open for another American team. The situation might have been complicated by the fact that one of Andretti's main supporters was Mohammed bin Sulayem, who is notoriously known for having a bad relationship with... everyone.
Now, however, it looks like General Motors has taken control, relying on Andretti's existing infrastructure. And more importantly, they have an accepted status among other Formula 1 participants. Their European headquarters in Silverstone is already established, their team of experts is shaping up nicely, and according to plans, both Cadillac and Andretti would appear, albeit with less emphasis.
In the meantime, GM has already started its own F1 engine program, and reports suggest that the first operational engine could come out in 2028. Thus, they would enter as a partner team during the 2026 debut, likely in collaboration with Ferrari or Honda. All of this sounds very exciting, and considering recent times, we are now closer than ever to turning the desire for another Formula 1 team into reality.