A grant was approved that will allow the Cadillac F1 team to build power units in Concord, North Carolina, creating over 350 ...

Concord’s city council approved $750,000 in incentives last week for a new multi-million dollar Cadillac Formula 1 racing ...

Cadillac F1 plans to invest between $75 million to $85 million in its new facility, according to the city document. The ...

Flashback: Formula 1 announced an agreement back in November with General Motors to bring GM/Cadillac as the 11th team to ...

A Formula One is set to build its engines in Concord after the city council unanimously approved providing up to $744,000 in ...

Incentives have been approved for a major motorsports project in Concord. Concord City Council last night approved a grant ...

Concord could become a big driver in the Formula 1 racing world. A new F1 racing team, owned by General Motors, is hoping to ...

"This is a major, major investment in Concord and I can't be happier tonight to vote on both of these," said council member JC McKenzie.

Concord City Council on Thursday night unanimously ... which plans to develop an engine factory for its Cadillac F1 vehicle. The tax reimbursements will depend on the company’s actual investment ...

“This a major investment in Concord,” Councilman JC McKenzie said. “I couldn’t be happier to vote on both of these.” Cadillac F1 plans to invest between $75 million to $85 million in its ...