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

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

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

According to an upcoming meeting agenda for the Concord, North Carolina City Council, the incoming Cadillac Formula 1 team is ...

Cadillac F1 is looking to establish its power unit production roots in Concord, North Carolina, per a council agenda.

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

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

Notes for an upcoming city council meeting in Concord, North Carolina have detailed Cadillac’s plans for furthering its F1 program. The proposal under discussion involves General Motors ...

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

Cadillac F1 is set to join the grid next season as the ... Now, the team is looking to bring that operation to Concord, North Carolina. The Concord City Council’s next meeting is scheduled ...

"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.