The Cadillac Formula 1 team, now under the umbrella of the newly inaugurated TWG Motorsport, has unveiled more details about its intricately layered structure which encapsulates IndyCar, Formula E, NASCAR, and IMSA programmes. This announcement came simultaneously with Michael Andretti’s decision to withdraw from the regular operations of Andretti Global last October.
This strategic move saw Andretti’s operations amalgamate with those of TWG Group, led by entrepreneur Dan Towriss. Consequently, all Andretti teams, as well as the Spire NASCAR team, previously linked with Towriss, have been consolidated under the TWG brand, forming the new TWG Motorsport structure.
The roster of TWG Motorsport teams includes Cadillac in Formula 1, Andretti Global covering IndyCar, Indy NXT, Formula E and the Walkinshaw Andretti United Australian Supercars team, Spire Motorsports in NASCAR, and Wayne Taylor Racing in the IMSA SportsCar Championship.
Andretti’s decision to step back has propelled the Cadillac-led team forward in their bid for success, anticipated to come to fruition by 2026. Approval for the bid is now just pending final confirmation. TWG has initiated a subsidiary company, GM Performance Power Units LLC, to spearhead this project, appointing Russ O’Blenes as CEO.
Andretti Global’s existing teams will retain their original names. In the Supercars division, Walkinshaw Andretti United, which also involves McLaren’s Zak Brown via his United Autosports venture, will continue to operate. Moreover, acclaimed sports car driver and team leader Wayne Taylor decided to remove the Andretti name from his team, which had been used for two seasons, but remains within the TWG group.
TWG Motorsports was brought to life in 2024 by co-chairs Mark Walter and Thomas Tull and is a part of the wider TWG Global portfolio. This portfolio encompasses the Los Angeles Dodgers baseball team, Chelsea Football Club, Professional Women’s Hockey League, and stakes in the Los Angeles Lakers, among other ventures.
Dan Towriss, the CEO of Group 1001 Insurance, a company boasting a claimed $66 billion of assets under management, has been selected as the CEO of TWG Motorsports. Towriss has emerged as the driving force behind the project, becoming its public face.
Walter, the CEO of Guggenheim Partners, with reported assets of $325 billion under management, and Tull, a businessman with a net worth of $3.7 billion according to Forbes, have welcomed the unification of these teams under TWG Motorsports and Towriss’s leadership.
To strengthen its new structure, TWG has recruited notable personnel, such as former NASCAR and General Motors employee Doug Duchardt as its chief performance officer, and ex-NASCAR vice president Jill Gregory as chief operating officer. This move signals TWG’s commitment to leveraging seasoned expertise to drive the success of its expansive motorsport portfolio.
