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TWG Motorsports

From Wikipedia, the free encyclopedia

American motorsports company
TWG Motorsports
Company typeSubsidiary
IndustryMotorsport
FoundedNovember 2024; 12 months ago (November 2024)
Founder
Headquarters227 West Monroe Suite 4800,
Key people
Dan Towriss (CEO)
Jill Gregory (COO)
Doug Duchardt (CPO)
Mark Walter (Co-Chairman)
Thomas Tull (Co-Chairman)
ProductsMotorsport
ParentTWG Global
SubsidiariesAndretti Global
TWG Cadillac Formula 1 Team Ltd.(in partnership withGeneral Motors)
Spire Motorsports
Walkinshaw Andretti United
Wayne Taylor Racing
Websitetwgmotorsports.com

TWG Motorsports is amotorsport division of Americanholding companyTWG Global Holdings, LLC. The division's sole responsibility is to operate TWG Global's motorsport teams. The company was established in late 2024 and is based inChicago,Illinois, United States.[1][2]

They own and operate five motorsports organizations in multiple racing disciplines:Andretti Global,TWG Cadillac Formula 1 Team Ltd.,Spire Motorsports,Walkinshaw Andretti United, andWayne Taylor Racing.

History

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On February 26, 2025, a press release fromTWG Global Holdings, LLC announced the official launch of a new motorsports division within the company calledTWG Motorsports.[1] The new division was originally founded in late 2024 by TWG Global co-chairsMark Walter andThomas Tull.[1][3] The company also announced on the same day thatGroup 1001 Insurance CEODan Towriss would be serving as thechief executive officer of TWG Motorsports, and that veteran motorsports executive Jill Gregory would serve as thechief operating officer of the company.[4][5][6] Doug Duchardt, who has two decades of motorsports experience withHendrick Motorsports,Chip Ganassi Racing andSpire Motorsports, serves as the company's chief performance officer (CPO).[6][7]

TWG Motorsports' portfolio comprises five motorsports organizations:Andretti Global,TWG Cadillac Formula 1 Team Ltd.,Spire Motorsports,Walkinshaw Andretti United, andWayne Taylor Racing.[8][4][9][10]

Formula One

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TWG Motorsports has a partnership withGeneral Motors (GM) and subsidiary brandCadillac to field theCadillac Formula 1 Team.[11] The team will enter the2026 Formula One World Championship as a constructor in 2026 under the Cadillac brand, and GM will enter as an engine supplier at a later date. The team was originally entered asAndretti Cadillac under the leadership ofAndretti Global, however, they were initially rejected by theFormula One Group despite having approval from theFIA.[12][13] In November 2024,TWG Global co-chair andGuggenheim Partners CEO Mark Walter announced that he had purchasedAndretti Global through his holding company TWG Global.[6][14] The F1 team was also subsequently accepted by the Formula One Group to enter and compete in the 2026 Formula One World Championship.[15] Dan Towriss was announced to be the CEO of the new team,[8]Michael Andretti remained an advisor,[6] andMario Andretti would serve on the board of directors.[14]

References

[edit]
  1. ^abcMotorsports, T. W. G."TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR and IMSA".www.prnewswire.com (Press release). Retrieved27 February 2025.
  2. ^"SC 13G/A".www.sec.gov. Retrieved27 February 2025.
  3. ^"TWG Global Launches Motorsports Dynasty With Powerhouse Lineup That Includes Cadillac F1 Team".Motor Sports OnSI. 25 February 2025. Retrieved27 February 2025.
  4. ^ab"TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR, Formula E and IMSA".Andretti Global. 26 February 2025. Archived fromthe original on 18 July 2025. Retrieved27 February 2025.
  5. ^Richey, Lynzy (26 February 2025)."TWG Motorsports Announces Jill Gregory as Chief Operating Officer".Andretti Global. Retrieved27 February 2025.
  6. ^abcdBrown, Nathan."Andretti Global parent company unveils longtime NASCAR executives as new leaders".The Indianapolis Star. Retrieved27 February 2025.
  7. ^Fryer, Jenna (4 December 2024)."New motorsports leadership executives introduced as Andretti Global moves on without Andretti".AP News. Archived fromthe original on 9 April 2025. Retrieved27 February 2025.
  8. ^abFryer, Jenna (25 February 2025)."Cadillac F1 to be managed by global group TWG Motorsports. Dan Towriss named CEO of racing portfolio".AP News. Archived fromthe original on 18 September 2025. Retrieved27 February 2025.
  9. ^"Andretti Global Placed under TWG Motorsports Umbrella".IndyCar.com. Archived fromthe original on 24 March 2025. Retrieved27 February 2025.
  10. ^O’Connell, R. J. (25 February 2025)."TWG Motorsports Officially Launches | dailysportscar.com".www.dailysportscar.com. Retrieved27 February 2025.
  11. ^"Statement on General Motors application to join FIA Formula One World Championship in 2026 | Formula 1®".Formula 1® - The Official F1® Website. Retrieved27 February 2025.
  12. ^Wolkin, Joseph."Andretti Global Clears FIA Approval To Create A Formula 1 Team".Forbes. Retrieved27 February 2025.
  13. ^Smith, Luke (December 2024)."General Motors enters the grid: Why F1 changed its tune after rejecting Andretti".The New York Times.ISSN 0362-4331. Retrieved27 February 2025.
  14. ^ab"GM, Cadillac agree deal for new 2026 F1 entry - Andretti absent".The Race. 25 November 2024. Retrieved27 February 2025.
  15. ^"General Motors launches Cadillac Formula 1 Team and power unit".news.gm.com. Retrieved27 February 2025.

External links

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