Cadillac denies sale rumors amid federal investigation reports

Cadillac has firmly denied speculation regarding the potential sale of its Formula 1 team, a position emphasized as the project is under heightened scrutiny following a federal investigation involving owner Mark Walter. Although no charges have been filed against Walter or Cadillac F1, the investigation has prompted concerns about the team’s future. Cadillac has also experienced leadership changes, replacing Graeme Lowdon with Marcin Budkowski in an effort to improve performance, as the team has yet to score points in its inaugural season. The investigation into Walter's financial dealings and the recent sale of his stake in the Los Angeles Lakers have intensified questions about the stability of his business operations. Cadillac's management asserts that the team remains committed to its long-term F1 project despite the challenges.

• 10:00 AMYahoo Sports — Why Cadillac’s F1 future is under the spotlight despite firm sale denial