General Motors is set to become the first U.S. automaker with a Formula 1 team when a Cadillac-branded team joins the racing series in 2026, F1 announced Monday, ending a years-long battle between the series and former driver Michael Andretti, who initially proposed a GM expansion.

General Motors Cadillac will have to pay a whopping $450million to enter their team into Formula 1 as a result of F1's income being split 11 ways rather than 10.

Mario Andretti will be serving on the board of the brand new Formula One team that will be fielded by General Motors with its Cadillac brand.