One team, to be exact. F1 announced on Monday that an agreement in principle has been reached and that a General Motors-Cadillac team will be joining the grid for the 2026 season. The announcement brings to a close months of debate and discussion over a potential 11th team on the grid.

The other 10 teams had largely been against the introduction of a new outfit because of the dilution of prize money.

Formula One will expand to 11 teams with the addition of the Cadillac team in 2026. It's the first time General Motors will compete in the Formula One World Championship.