Post by Lee on Jan 4, 2024 9:32:37 GMT
Renault says it will resume talks with Andretti Global and General Motors regarding a technical partnership if the team is granted an entry into Formula 1.
The FIA approved Andretti Global’s application in October, with GM confirming in November that it intends to become a full power unit supplier in F1 from 2028 onwards. While there is currently no agreement in place with Formula One Management (FOM) that would allow Andretti to join as a new team, its intention was to be on the grid in either 2025 or ’26, meaning a power unit supply deal would be required initially, something Alpine Motorsports vice president Bruno Famin says is still on the cards.
“We are talking to Andretti and to General Motors,” Famin said. “If they have an entry, we are happy to resume the talks. For the time being, it’s a bit on standby, and not due to us, it’s because the length of the process is much longer than expected, first on the FIA side — the FIA took much more time to answer than they said in the beginning.
“Now the ball is on the Formula 1 side. If they have an entry, we are happy to discuss with Andretti. What I said last time is that we had a pre-contract; the pre-contract has expired. Factually, right now, we don’t have any legal commitment with them.
“But we are happy to talk with them and see what we can do together. If they have an entry, it’s because they will have demonstrated they will bring a lot of added value to Formula 1, and that the value of the championship and the teams will not be diluted due to that.”
FOM has not put a timeframe on when it might take a decision on Andretti’s entry bid, with RACER understanding the requested anti-dilution fee could be revisited as part of new Concorde Agreement discussions first. While continuing with car development, Andretti’s hopes of being on the grid in 2025 mean it would have abide by the FIA Financial Regulations from this week onwards.
The FIA approved Andretti Global’s application in October, with GM confirming in November that it intends to become a full power unit supplier in F1 from 2028 onwards. While there is currently no agreement in place with Formula One Management (FOM) that would allow Andretti to join as a new team, its intention was to be on the grid in either 2025 or ’26, meaning a power unit supply deal would be required initially, something Alpine Motorsports vice president Bruno Famin says is still on the cards.
“We are talking to Andretti and to General Motors,” Famin said. “If they have an entry, we are happy to resume the talks. For the time being, it’s a bit on standby, and not due to us, it’s because the length of the process is much longer than expected, first on the FIA side — the FIA took much more time to answer than they said in the beginning.
“Now the ball is on the Formula 1 side. If they have an entry, we are happy to discuss with Andretti. What I said last time is that we had a pre-contract; the pre-contract has expired. Factually, right now, we don’t have any legal commitment with them.
“But we are happy to talk with them and see what we can do together. If they have an entry, it’s because they will have demonstrated they will bring a lot of added value to Formula 1, and that the value of the championship and the teams will not be diluted due to that.”
FOM has not put a timeframe on when it might take a decision on Andretti’s entry bid, with RACER understanding the requested anti-dilution fee could be revisited as part of new Concorde Agreement discussions first. While continuing with car development, Andretti’s hopes of being on the grid in 2025 mean it would have abide by the FIA Financial Regulations from this week onwards.