Andretti regrets F1 'greed' comment – 2026 Cadillac engine 'possible'

F1

Michael Andretti says he would have done things differently given another chance on his approach to an F1 entry, but still feels hopeful of an entry to the world championship

Michael Andretti IndyCar 2023

Andretti says he would have used different words if given the chance again on F1 entry debate

IndyCar

Michael Andretti says he now regrets describing other F1 teams as greedy for opposing his application to join the grid, ahead of a decision on prospective new entries expected this month.

The bid from Andretti’s legendary American outfit, backed by Cadillac, was met with hostility from several existing constructors. They are reluctant to share prize money and believe the $200m entry fee is now not high enough, given a steep rise in team values.

Earlier this year, Andretti struck back by labelling the teams’ approach as “very greedy”, a move which F1 CEO Stefano Domenicali described as “not smart”.

With a decision looming on proposed entries from Andretti, Hitech, Carlin Formula Equal and LKY SUNZ, the 1991 CART champion says he may have approached the situation differently in hindsight – and appreciates the other teams’ position.

Christian Horner and Toto Wolff in 2018 F1 press conference

Andretti has faced opposition from other team bosses

Getty Images via Red Bull

“I probably used the wrong word,” he admitted, also revealing the crunch decision is more likely to come at the end of July. “I shouldn’t have said ‘greed’ but everybody’s been looking out for themselves.

“When I said that, I got criticised, but if I was in their situation, I’d probably do the same thing. I don’t blame the teams. They all are going to look at it for themselves, because that’s what they need to do to be competitive.

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“It’s a very, very expensive sport. There’s a lot involved, and there’s a lot of commitment from every team. They’ve got to make sure that they protect that and I understand that’s what they’re trying to do. But in the end, they’re not going to be the ones that make the decision. It’s going to be up to the series and the FIA to decide if it’s the right individual.”

Much has been made of the Cadillac link-up, with many suggesting that the vaunted rebadging of a Renault engine as one from the GM brand isn’t enough to convince the rest of the F1 paddock. Andretti also emphasised that he feels his proposed project isn’t fully appreciated by those without full knowledge of it.

“General Motors is very, very involved,” he said. “People are trying to say, well, ‘They’re just putting their name on it.’ No, it’s a very, very [integral] part of the whole team.

“I think once everything goes public and people see what we submitted, they’ll see it’s a big [involvement].”

Andretti has been lobbying for an F1 entry for at least two seasons

When pushed on whether GM might consider starting its own engine programme for 2026, he replied: “There’s always the possibility.”

The former IndyCar champion and son of F1 legend Mario Andretti says he explored every avenue before opting to start his own grand prix operation from the ground up.

From the archive

Mercedes boss Toto Wolff last week said that Andretti should “buy a team”. The latter’s proposed 2022 buy-out of the Alfa Romeo Sauber team fell through when the ownership group pulled out, and he has looked elsewhere on the grid as well.

“We’ve tried — nobody’s interested, nobody’s selling,” he said. “We’ve been to every single team. People keep saying, ‘Well, buy a team’ [but] nobody wants to sell.

“You go there and they’re not even interested in talking. I’ve been there, done that — not happening.”

In turning his attentions to setting up his own team, Andretti feels his organisation has done every asked of it in the process – as well as adding that American IndyCar star Colton Herta was still central to plans.

“I feel good,” he said. “I think we checked every box you know, but the reality is we’ll just have to wait and see what happens.

“I think we have everything we need to go in, be competitive, be respectful and add to the series.”