A General Motors-backed Formula 1 entry is now likely to be approved after all:
https://www.the-race.com/formula-1/f1-likely-approve-gm-backed-f1-team-andretti-changes/
"... But the most significant development is understood to have been a combination of the recent top-level change at Andretti Global and Michael Andretti’s decision to
stand down from day-to-day leadership, and a renewed commitment from GM to be as involved as possible from the start of the project for 2026.
Andretti’s approach to trying to get on the grid has been controversial and caused friction between his side and FOM. And there were doubts that an Andretti-led entry might only be dressed up by the Cadillac name and arms-length GM involvement, which would make it uncompetitive and reduce the commercial benefits it would bring.
However, as reported by the
Associated Press and confirmed by The Race’s sources, Andretti Global now being led by Andretti's business partner Dan Towriss has allowed for the impasse to be broken.
While it is not known what the entry would be submitted as, the original Andretti Cadillac name is expected to change. The Andretti name may disappear or at the very least have reduced prominence even though the organisation itself is the foundation for the entry. GM and/or Cadillac branding is the most logical outcome. ..."