Sun May 04 20:10:00 UTC 2025: ## Cadillac’s F1 Debut Undeterred by GM’s Profit Downgrade and Tariff Hit
**Miami, FL –** Despite a $5 billion projected loss due to new automotive tariffs and a reduced 2025 profit forecast, General Motors (GM) remains fully committed to Cadillac’s Formula 1 debut next season, President Mark Reuss confirmed at the Miami Grand Prix.
Reuss stated that the financial impact of the tariffs, estimated at $5 billion, will not affect the ambitious F1 project. Cadillac, already boasting a 350-strong team expected to grow to 1,000, will initially use Ferrari engines before transitioning to its own power units in 2029.
While speculation swirls around the driver lineup, with rumors suggesting Sergio Perez may have already signed, Team CEO Dan Towriss denied any driver signings to date. He emphasized a deliberate approach to selecting drivers, prioritizing success over hasty decisions. While the team is committed to fielding an American driver eventually, Towriss stressed that this will not be rushed.
The announcement confirms Cadillac’s determination to enter the high-stakes world of Formula 1 despite significant economic headwinds facing its parent company. The team is clearly prioritizing long-term strategic goals over immediate financial pressures.
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