The umbrella company that houses the Cadillac Formula 1 team has been officially launched, revealing more details about a structure that also contains IndyCar, Formula E, NASCAR and IMSA programmes.
At the same time that Michael Andretti stepped back from the day-to-day running of the Andretti Global organisation in October last year, Andretti’s operations effectively merged with that of the TWG Group, in a move led by businessman Dan Towriss.
That means all of Andretti’s teams, and the Spire NASCAR team Towriss is involved with, have merged under the TWG umbrella as part of a new TWG Motorsport structure.
TWG Motorsport teams
Cadillac - Formula 1
Andretti Global - IndyCar, Indy NXT, Formula E and Walkinshaw Andretti United Australian Supercars team
Spire Motorsports - NASCAR
Wayne Taylor Racing - IMSA SportsCar Championship
In F1, Andretti stepping back paved the way for the now Cadillac-led team to make progress on a bid which is expected to be successful for 2026. It is just awaiting the final green light, expected soon.
TWG has created a new company to head this project up, called GM Performance Power Units LLC, with Russ O’Blenes as CEO.
All of Andretti Global’s existing teams remain the same and keep their existing Andretti-based names. In Supercars that’s Walkinshaw Andretti United - McLaren's Zak Brown is also involved there through his United Autosports set-up.
In IMSA, famous sportscar driver and team boss Wayne Taylor elected to drop the Andretti name the team had used for two seasons, but it is still part of the TWG group.
“Dan and his group made the decision to keep Wayne Taylor Racing separate, which obviously makes me happier,” Taylor told dailysportscar.com in January. “So I’m still partnering with him.”
The Spire NASCAR team was never under Andretti’s umbrella and was Towriss-led, and that remains in the portfolio.
What is TWG?
TWG Motorsports was established in 2024 with co-chairs Mark Walter and Thomas Tull. It's part of the TWG Global portfolio which includes 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, who is CEO of a separate company in Group 1001 Insurance - with a claimed $66billion of assets under management - has also been chosen as CEO of the new company, TWG Motorsports. Towriss really feels like the natural 'face' and driving force of the project.
“Dan has been instrumental in forming the landmark Cadillac Formula 1 team in partnership with General Motors and acquiring for TWG Global a broad racing portfolio that includes Andretti Global, Wayne Taylor Racing, and Spire Motorsports,” Walter said.
Tull added: “We’re excited to see these teams united under the TWG Motorsports umbrella and Dan’s leadership.”
Walter is the CEO of Guggenheim Partners, which is reported to have $325billion in assets under management. Tull is a businessman worth $3.7billion according to Forbes.
TWG also brought in some high-profile personnel to help with its new structure.
Long-time NASCAR and General Motors employee Doug Duchardt is its new chief performance officer, while former NASCAR vice president Jill Gregory is chief operating officer.
