# Cadillac Formula 1 team operations and ownership

> Live situation record from CLSTR: https://clstr.news/situations/cadillac-formula-1-team-operations-and-ownership
> Updated: 2026-08-20T10:59:16.000Z. Sources: 9. Developments: 2.

The Cadillac Formula 1 team, owned by TWG Global in partnership with General Motors, has completed its first half of the 2026 season. Despite facing reliability issues involving brakes, cooling, and suspension for drivers Valtteri Bottas and Sergio Pérez, the team has exceeded expectations by sitting 11th in the standings through steady chassis upgrades.

Following this period of competition, rumors emerged suggesting that TWG Global might sell the team. This speculation was linked to a federal investigation into the financial dealings of TWG Global founder Mark Walter and his recent $12.5 billion sale of the Los Angeles Lakers. However, TWG Global and General Motors have denied these reports. Adrian Atkinson, General Motors’ executive director of global motorsports communications, stated at the Dutch Grand Prix that ‘TWG is not considering a sale of the Cadillac team or any other part of TWG Motorsport.’

## Timeline

### 2026-08-20: TWG Global denies rumors of Cadillac Formula 1 team sale

TWG Global has denied rumors that it plans to sell its Cadillac Formula 1 team following speculation surrounding founder Mark Walter’s recent business transactions and a federal investigation.

9 sources. https://clstr.news/cluster/twg-global-denies-rumors-of-cadillac-formula-1-team-sale

### 2026-07-30: Cadillac F1 Team Shows Progress in First Half of Season

Cadillac's debut F1 team, owned by TWG Global and backed by GM, sits 11th after a mixed first half with upgrades and lingering reliability problems.

7 sources. https://clstr.news/cluster/cadillac-f1-team-shows-progress-in-first-half-of-season

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Cite as: Cadillac Formula 1 team operations and ownership. CLSTR, https://clstr.news/situations/cadillac-formula-1-team-operations-and-ownership