General Motors (GM) said its Formula One ambitions remain intact despite a potential $5 billion blow from new U.S. automotive tariffs and recent operational cuts in Canada, with Cadillac still on track to join the F1 grid in 2026.

Cadillac is preparing to become Formula 1’s 11th team from 2026, but it’s doing so against a backdrop of global uncertainty that could hit parent company General Motors

General Motors’ plans to enter Formula One with its Cadillac team from next year and build an engine by 2029 have not been affected by President Donald Trump’s tariffs, according to the company’s president,