The reduction of benefit expectations and a possible 5,000 million dollars coup due to cars tariffs will not affect Cadillac’s debut in Formula one next season, President of General Motors, Mark Reuss, said on Saturday.
GM, Matrix of Cadillac, cut this week’s forecast for 2025 in the face of uncertainty for tariffs introduced by President Donald Trump.
The Detroit automobile manufacturer plans to compete with its own power units from 2029 after using Ferrari engines initially.
Reuss said on Saturday at the Miami Grand Prix to a group of selected journalists, which included Reuters, which General Motors remains fully committed to carrying the eleventh team to the F1 grill.
“There is an impact of around 5,000 million dollars for us,” Reuss said when asked about tariffs. “But it will not affect this project.”
Reuss did not pronounce on the cost of the F1 project, which has been being developed with Cadillac, which is already forming a team of 350 people to prepare for the next season and expects to increase to 1,000 in the future.
There have been many conjectures about the possible alignment, with reports earlier this week that suggested that Mexican Sergio Pérez, former Red Bull driver, had already signed.
The executive director of the team, Dan Towriss, said that until now any pilot had been signed.
“The most important thing is that we are not in a hurry to choose a pilot,” he said, and stressed that the team is “committed to having an American driver”, but there was no hurry for that to be for 2026.
“It is not bringing someone and dropping it in the seat, because it is important for us to be successful,” he said. “We will find the right form and moment to bring the appropriate pilot to the F1.”
