Teams say they're trusting Formula 1 officials who say the financial part of the GM entry works for the sport.

Formula 1 announced Monday that it has approved the entry of GM and Cadillac as a new team on the grid, bringing a storied American car maker into the pinnacle of motorsport.

General Motors is set to become the first U.S. automaker with a Formula 1 team when a Cadillac-branded team joins the racing series in 2026, F1 announced Monday, ending a years-long battle between the series and former driver Michael Andretti, who initially proposed a GM expansion.