The group behind Cadillac’s Formula 1 program officially introduced TWG Motorsports on Tuesday, a new division to manage its growing motorsports ventures.
TWG Global, owned by co-chairs Mark Walter and Thomas Tull, is the parent company and holds a controlling stake in several sports and entertainment properties, including the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women’s Hockey League, and investments in the Los Angeles Lakers, among others.
The Cadillac F1 team is set to join Formula 1 in 2026, and TWG Motorsports is also the majority shareholder of Andretti Global, which competes in IndyCar, Indy NXT, and Formula E. Additionally, the group owns Spire Motorsports, a NASCAR team that recently triumphed in the Truck Series race and came close to winning the Cup Series race. TWG Motorsports also fields a two-car IMSA sports car GTP program through Wayne Taylor Racing and supports Walkinshaw Andretti United, a team that competes in Australia’s Supercars Championship, including their victory in the Bathurst 1000.
Dan Towriss, a long-time collaborator of Mark Walter, has been appointed as the CEO of TWG Motorsports. In addition to this new role, Towriss will continue to serve as the CEO of Group 1001 Insurance, a U.S. financial services company that manages over $66 billion in assets.
Dan Towriss played a key role in the creation of the landmark Cadillac Formula 1 team, alongside General Motors, and in acquiring a diverse racing portfolio for TWG Global, which includes Andretti Global, Wayne Taylor Racing, and Spire Motorsports. This was highlighted by Mark Walter in a statement.
TWG Motorsports was established in late 2024, shortly after Michael Andretti stepped down as the leader of Andretti Global. His decision to step back paved the way for the successful bid for the Cadillac F1 team, which had previously been rejected by Formula One Management.
Towriss mentioned that Andretti plans to attend this weekend’s IndyCar season-opening race in St. Petersburg, Florida. The two had a conversation earlier this month ahead of the Daytona 500, discussing the performance of their respective teams in motorsports.
Although Michael Andretti remains engaged, he is no longer involved in the day-to-day operations, a responsibility now held by Dan Towriss. Towriss expressed his excitement after the NASCAR weekend at Atlanta Motor Speedway, where Kyle Busch triumphed in the Truck Series race, and Carson Hocevar nearly secured a victory in the Cup Series race, finishing second—a result that Towriss sees as a victory for the growing Spire Motorsports.
TWG and Towriss have supported Spire Motorsports for years, and Towriss officially became involved last season after acquiring the stake of former team co-owner T.J. Puchyr. Jeff Dickerson, another founding member, continues to run the team.
Towriss spoke highly of Dickerson, praising his work and the partnership in the racing series. He emphasized that each racing division aligns with the culture TWG is building, a culture rooted in the success of Group 1001, the financial services company he built. Towriss expressed his excitement to watch these teams develop and grow in the future.
Dan Towriss, a businessman from Indiana with no prior racing experience, finds himself leading teams in almost every major racing series. When asked about how this happened, Towriss admitted it seems puzzling at first glance.
However, he emphasized that motorsports, like any other business, can be highly successful when approached correctly. As the head of TWG Global, which is committed to expanding its portfolio, Towriss saw a unique business opportunity. He pointed out that years ago, people questioned why he purchased a baseball team, but his response remains the same: to see the bigger picture and build something impactful.
For Towriss, the vision was clear: to create a global motorsport brand participating in every iconic race across the globe. This ambition, he believes, will help set new industry standards and establish a lasting legacy.
This weekend, Towriss will shift his focus from NASCAR to IndyCar, as the season opens in St. Petersburg. He has high expectations for the three-car Andretti team, especially with Colton Herta, a possible candidate for the Cadillac F1 lineup, who finished second in the previous season’s standings. Herta’s two wins were the only victories among the three Andretti drivers.
The Andretti team fields cars for Indianapolis 500 winner Marcus Ericsson and Kyle Kirkwood, who secured two victories in 2023. Towriss has set his sights on winning both the Indianapolis 500 and the IndyCar championship this year. The team has not won either since Ryan Hunter-Reay took the series title in 2012 and Takuma Sato won the 500 in 2017.
Towriss also aims for Andretti to be a regular contender alongside powerhouse teams like Team Penske and Chip Ganassi Racing. Penske’s Josef Newgarden has won back-to-back Indy 500 titles, while Ganassi’s Alex Palou has claimed three of the last four IndyCar championships.
Towriss mentioned that while IndyCar’s television partner Fox Sports has released high-profile commercials featuring Newgarden, Palou, and McLaren driver Pato O’Ward, Andretti drivers have been left out of the campaign.
“I feel a strong responsibility for the Andretti legacy, and I believe it’s crucial for them to return to their winning ways,” Towriss said. “We’ve invested significant effort into restoring the team to its top-tier performance and getting back to consistently winning in IndyCar. The team is hungry for success.”
