League: F1 Sport: Motorsports Country: Global Category: Match Previews

Cadillac F1 team reassures stability amid TWG financial scrutiny

Yahoo Sports • 1 min read • Latest: Aug 27, 2026, 6:00 AM

Last updated Aug 27, 2026

Cadillac F1 team reassures stability amid TWG financial scrutiny

Summary

TWG Global has affirmed its commitment to the Cadillac Formula 1 team, stating there is no immediate operational or financial impact despite ongoing regulatory inquiries. The company is working with the US Department of Justice and Securities and Exchange Commission, refuting rumors of asset sales to secure its finances. Cadillac is focused on becoming a full works operation, with power units from General Motors set to supply from 2029. TWG aims to maintain continuity, mitigating concerns over potential distractions during team development.

Source Links

Yahoo Sports

Key Details

•TWG denies any wrongdoing or asset sale plans.
•Cadillac is preparing to become a full works F1 team by 2029.
•TWG is under scrutiny from US regulatory bodies.
•Cadillac's current funding and racing plans remain unchanged.
•Ongoing inquiries could affect investor confidence in the team.

Latest Updates

6:00 AMYahoo Sports — What TWG’s corporate storm means for Cadillac’s F1 future

What they're saying

"
TWG Global has sought to calm uncertainty around its business operations, insisting there has been “no fraud” and rejecting suggestions that sports investments could be sold to support its insurance companies. For Cadillac’s Formula 1 operation, the immediate message is one of continuity but the episode inevitably puts its financial backer under a brighter spotlight.
— Yahoo Sports

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