Formula One announced Monday that “an agreement in principle” has been reached “with General Motors to support bringing GM/Cadillac” to the grid as the sport’s 11th team in 2026.

General Motors Co. and TWG Global said Monday they’ve reached a tentative agreement where GM will have an 11 th team in the global Formula One racing series starting in 2026. The new F1 team will be branded as Cadillac. It would be the first new F1 team since 2016. Each F1 team has two racing cars.

Formula 1 on Monday at last said it will expand the grid in 2026 to make room for an American team that is partnered with General Motors. The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media,