The organization’s president of all things racing, JF Thormann, published a video on Thursday that outlined the current status of its long-running infatuation with NASCAR as well as its pursuit of a two-car Formula 1 squad.
Currently, Andretti Global participates in the Australian Supercars Series, Formula E, and the IndyCar Series.
Thormann declared, “We’re the only ones that compete in the amount of series that we do.” “And then there’s the goal that [Michael Andretti] still has; it’s clear that we need to close the gap with Formula 1 and, ideally, NASCAR. Next, we’re going to hold races almost every weekend, which will keep us occupied and promote our brand.
Mario Andretti’s victories in the 1978 Formula 1 world championship and the 1969 Indianapolis 500 have made Andretti a household name in North American motorsports. In addition to winning 42 Indianapolis 500 races and the 1992 CART title, Michael Andretti is one of the most prosperous racing businesses in the contemporary era.
According to Thormann, part of what he does is carry on that tradition.
“The number of people who will genuinely question me, ‘Do you work for the Andretti race team? Is it Mario or Michael?’ when I travel with the logo on is pretty high. You understand the significance of the name and its level of recognition,” continued Thormann. “It symbolizes that perseverance, Mario’s tale of arriving with nothing but a shirt on their backs. Wearing something is only a matter of pride.
In total, Andretti Global has taken home six Indianapolis 500 victories and 18 championships.
It is presently bogged down in a multiyear endeavor to make it onto the Formula 1 grid, maybe by 2026.
Andretti entering into a formal collaboration with Spire is one way to enter the market.
Over the past ten years, Andretti Global has also held multiple conversations with manufacturers to assess when it is appropriate to enter the field on their own. It has always been a question of timing. The organization’s first goal is the Formula 1 entry, but NASCAR makes perfect sense for the Andretti name in terms of both business and identification.
1967 saw Mario Andretti win the Daytona 500. John, his nephew, participated in and won two of the 393 Cup events over a 20-year period. After fifteen years of IndyCar racing, Mario’s grandson Marco Andretti has begun to transition into Stock Car racing.