Michael Andretti’s new Formula 1 entry for 2024 would be powered by customer Renault engines. I think we’re bringing a lot – a lot more than what we would dilute,” 1978 champion Andretti, 82, said. As for Michael Andretti, Plan A was to buy the Sauber-Alfa Romeo team, while plan B was buying Formula 1’s existing American team – Haas. Therefore, Andretti is trying instead to convince the other teams and the FIA to allow an eleventh team to enter Formula 1 from 2024. “I think there was a lot of speculation from Toto Wolff as he was worried it would be Ferrari.”.

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