The new venture will produce Cadillac’s in-house power unit for F1 beyond its deal with current supplier Ferrari

General Motors has established a new company that will develop and manufacture its future Formula 1 power unit for the Cadillac F1 team, and named Russ O’Blenes as its CEO. GM will enter F1 under

The new venture will produce Cadillac’s in-house power unit for F1 beyond its deal with current supplier Ferrari

General Motors has set up an engine company to turn its planned Cadillac Formula One entry into a full works team by the end of the decade, the carmaker said on Thursday.

Cadillac's prospective Formula 1 team has announced its plan to build its own engines out of an American base by the end of the decade.

General Motors announced Thursday morning the creation of a new business: GM Performance Power Units LLC. The new entity is tasked with helping the new Cadillac Formula 1 outfit become a “full works” team by the turn of the decade.