“We’re working every single day on this project, with the intention to be on the grid in 2024,” said Mario Andretti. “We’re preparing as if we were given the go-ahead. So Michael is on it, and that’s what we expect to do. We’re certainly not giving up. It’s a very serious project for us, and we’re ready to make that investment.”
Formula 1’s attitude toward the Andretti team is baffling, to say the least. It’s important to note that the FIA and the Formula One Group are separate entities. The Formula One Group comprises several F1-related bodies, which are responsible for promoting F1 and exercising the sport’s commercial rights.
The terms by which teams race is called the Concorde Agreement, and it is a contract between the FIA, the Formula One Group, and existing F1 teams.