News Details
F1 teams ‘afraid' of Andretti-Cadillac bid
Jan.16 Bernie Ecclestone says existing Formula 1 teams are 'afraid' of losing money by agreeing to green-light an eleventh entry. FIA president Mohammed ben Sulayem says it's 'surprising' that, notwithstanding Cadillac and General Motors joining Andretti's F1 team bid, there are still so many 'negative reactions' in the paddock. However, one such critic – Mercedes' Toto Wolff – at least admits that Andretti is making a bold 'statement' by teaming up with Cadillac in their bid. Nonetheless, it is rumoured that some teams are now pushing for the compensatory fee payable by Andretti to swell from $200 million to as much as $700 million. Those same teams are reportedly also...
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