Cadillac recently inked a multi-year deal with Ferrari to use its power units when it joins F1 in 2026. GM announced a new powertrain company that will build Cadillac’s F1 engines in order to become a full works team.

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 F1 team will have its own chassis and power unit, with the latter to be sourced from North Carolina.