The Andretti Global team have announced plans to enter Formula One, joining forces with General Motors and the Cadillac brand.
Andretti is a name steeped in F1 history, with Mario Andretti winning the 1978 world title and his son, Michael, also a former driver on the grid.
Thursday's announcement by the American set-up follows FIA chairman Mohammed Ben Sulayem stating this week he intends to launch a formal process for expressions of interest for prospective new F1 teams.
That has opened the door for Andretti's plans, with Andretti Global chairman Michael Andretti saying in a joint statement: "I feel that we are well suited to be a new team for Formula One and can bring value to the series and our partners, and excitement for the fans.
"I'm proud to have GM and Cadillac alongside us as we pursue this goal. GM and Andretti share a legacy born out of the love of racing.
"We now have the opportunity to combine our motorsport passions and dedication to innovation to build a true American F1 bid."
However, any new additions to the grid require the approval of F1, and it has been reported there is no prospect of a new team joining before 2026.
Andretti failed with a previous attempt to enter F1, with a 2021 bid to buy Sauber, but there remains an eagerness to join the grid for the next era of the sport – which is set to undergo significant changes in 2026.
Formula One is introducing a new engine formula that year, significantly increasing the power produced by the electrical part of hybrid engines and using synthetic, fully sustainable fuels – and there is already one new team set to join in 2026, following Audi's purchase of the Alfa Romero/Sauber team.
With Audi taking over an existing team, their transition onto the grid is far less complicated than the scenario for Andretti, who would require an expansion and would have to front a reported $200m fee that would be split among existing teams to offset any loss of prize money due to another team joining the revenue share.
F1 has had 10 teams on the grid since the 2015 season and issued a statement in response to Andretti's interest, which read: "There is great interest in the F1 project at this time, with a number of conversations continuing that are not as visible as others.
"We all want to ensure the championship remains credible and stable and any new entrant request will be assessed on criteria to meet those objectives by all the relevant stakeholders."
Piastri aiming for win in Las Vegas with Norris title chances looking slim
McLaren driver Oscar Piastri is targeting victory in Las Vegas on Sunday following the implosion of team-mate Lando Norris' Championship bid.
While it is still mathematically possible that Norris could catch Max Verstappen – who will secure a fourth successive title by bettering the Brit this weekend – his chances are slim.
As a result of Norris' title bid, Piastri had been under orders to prioritise his team-mate above himself. But with McLaren leading Ferrari in the constructors' championship by 36 points, it is likely focus will shift there.
"There's still some, let's say, very specific scenarios where I might be needed to help out. But for the very large majority of situations, it's back to how it was," Piastri told reporters in Las Vegas.
"The drivers' championship picture is very slim, and the constructors' championship is certainly not over for us.
"So, it's a very specific few scenarios that maybe I'll still help out if that's what I'm asked to do, but I'm going into the weekend trying to win."
Ahead of his potential coronation, Verstappen struggled on the first day of practice in Las Vegas, finishing in 17th.
Norris, meanwhile, was second-fastest behind Lewis Hamilton. Piastri finished in eighth, although bizarrely reported that his car would not turn off after reaching the pit lane, although the issue was eventually resolved.
Separately from Piastri, Norris had told reporters that – despite previous orders for Piastri to let him pass in races – the team had always come first and that would not change.
"Everything we've done, we've just swapped a position," he said.
"It benefited me because I was in the fight for the championship and that's the game we also have to play, just as I've helped Oscar in a few occasions and helped him win in Baku, you know. I did my job there.
"I think Andrea [Stella] made it very clear from the beginning that we would never do something that would make the team result worse. So no, nothing is going to change."
Norris believes he has 'what it takes’ for future world title after Verstappen battle
Lando Norris believes he has what it takes to challenge for a world title in the future after his battle with Max Verstappen during the 2024 season.
Norris arrives at the Las Vegas Grand Prix this weekend 62 points behind Verstappen, knowing a win is a must if he is to keep his faint world championship hopes alive.
Verstappen and Red Bull started the campaign as they left off last year, only for Norris and McLaren to emerge as genuine contenders after a series of car developments.
On a dramatic weekend in Brazil, Norris reduced the Dutchman's advantage to 44 points by winning in the Sprint race, but that victory proved to be in vain.
Despite starting 17th on the grid, Verstappen regained his sizeable margin with a stunning wet weather performance, and can clinch a fourth world title in Sin City this weekend.
When asked what he had learned from this season, Norris said: “That I have what it takes. It’s the first time in the last six years of F1 that we’ve had a chance to fight at the front.
"This is our, and my, first opportunity to do so, and my first opportunity to see where I stand.
“I definitely was not at the level I needed to be at the beginning of the year, even [after beating Verstappen to a maiden win] in Miami.
"Since the summer break I feel like I’ve done a very good job and performed very, very well – by far some of my best performances that I’ve done.
“I’ve been very happy with how the last few months have gone, honestly. I wouldn’t change many things that have happened.
"I still need to make tweaks and I still need to improve on things, that’s clear. I’m not completely satisfied with how I’ve done and I definitely know I need to make improvements.
“But, for the first time, I’m confident to say I have what I think I need to fight for a championship. It doesn’t mean I’m complete, it doesn’t mean I’m perfect.
"When you’re competing against drivers who are close to that, like Max, you have to be close to perfect if you want to challenge him.”
Despite Norris' disappointment, this weekend marks an opportunity for McLaren to edge closer to a first constructors' championship since 1998.
The British-based team are currently 36 points ahead of Ferrari at the top of the standings with two races and a sprint remaining this season.
McLaren have 19 podiums in 2024, their best record in a campaign since 2007 (24). In only four years have they achieved more (20 in 1998, 22 in 2000, 24 in 2007 and 25 in 1988), though Norris insisted the battle was far from over.
“Ferrari have been strong for a long time,” said Norris. “They have two very good drivers, they’re a very good team, they’ve clearly improved their car a good amount and found a better direction to head down.
“They probably will be with us. Some races are a bit better, some races a little bit behind, some races the same as a competition. Maybe [the momentum is] a little bit with them, but we’re close. Red Bull are close at the same time.
“It’s more about who can do a better performance on a weekend. We do know that Vegas is probably a track that will suit the Ferraris a bit more.
"It suited them well last year, but we know Qatar will be more favourable to us.”
Hamilton 'still loves' Mercedes and will give everything in final races
Lewis Hamilton has pledged to give everything in his final three races for Mercedes, despite admitting he had thoughts of an early exit after struggling at the Sao Paulo Grand Prix.
Hamilton finished 10th in the grand prix and 11th in the sprint race in Brazil three weeks ago, then described the weekend as a "disaster" and suggested he was not averse to an early exit.
The seven-time world champion – who will join Ferrari ahead of next season – said over team radio: "If this is the last time I get to perform, it was a shame it wasn't great."
However, with just three races remaining before his 12-year stint with the Silver Arrows comes to an end, Hamilton has put those troubles behind him and is determined to finish 2024 on a high.
Speaking ahead of this weekend's Las Vegas Grand Prix, Hamilton said: "In the moment, that's how I felt. I didn't really want to come back after that weekend but that's only natural.
"In the heat of the moment, for sure I'd much rather be on the beach and chilling. I don't need to do this.
"It wasn't a great feeling in that moment but I'm here, I'm standing strong and I'm going to give it absolutely everything for these last few races.
"Nothing can take me down. I've got a team that I genuinely still love and even though I'm leaving, I want to give them the best that I can in these next races.
"If they provide a car that wants to stay on track, then hopefully we'll have a better result."
Sunday's race will take place exactly 10 years since Hamilton won the second of his seven drivers' championships, sealing his 2014 title triumph at the season-ending Abu Dhabi Grand Prix.
He is currently seventh in the drivers' championship standings, just two points adrift of Mercedes team-mate George Russell.
Russell has won 50.26% of Mercedes' points this year to Hamilton's 49.74%. That is the smallest percentage split between any pair of team-mates in F1, with Red Bull pair Max Verstappen (72.24%) and Sergio Perez (27.76%) having the largest split.
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