Formula 1 Has a New Friend in General Motors

GM is joining the racing league in 2026 in a win-win deal.Formula 1 is adding an 11th team in 2026 and it will be owned by U.S. automaker General Motors (GM -0.84%). The deal comes after contentious negotiations, but is a win for both sides, brining another "works" team to the grid and massive exposure to GM. Travis Hoium covers the details in the video below.*Stock prices used were end-of-day prices of Nov. 28, 2024. The video was published on Nov. 30, 2024. ...