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 ...

General Motors announced in November 2024 its Cadillac Formula 1 team. It launched last month GM Performance Power Units LLC, ...

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

Cadillac F1 plans to invest between $75 million to $85 million to build a new Concord manufacturing facility, city records ...

Concord City Council is set to consider incentives for a project proposed by Motorsport IP Acquisition Co. I LLC. The entity ...

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

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

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 ...