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General Motors Receives Approval For 11th Formula One Team In 2026
· 1d · on MSN
Cadillac to join in Formula 1 as manufacturer team in 2026 after receiving approval from FIA
Cadillac F1 receives approval to enter global series as expanded 11th team in 2026
Cadillac’s Formula 1 team has received official approval to join the grid in 2026 and its owners insist the team will be ready to compete
StockStory.org on MSN3d
Why Is General Motors (GM) Stock Soaring TodayShares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.
The stock market surged on Wednesday after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier. The Dow Jones Industrial Average closed the trading session up nearly 500 points, or 1.1%, while the S &P 500 also jumped 1.1%. The tech-heavy Nasdaq increased nearly 1.5% on Wednesday.
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