Mario Andretti has revealed that his son's proposed F1 team have a "formal agreement" with Renault to use the manufacturer's engines.
Last week, 1978 World Champion Andretti shared news of 'Andretti Global' applying to the FIA for an F1 entry from the 2024 season, claiming that the prospective team "has the resources and checks every box".
He subsequently explained in an exclusive interview with RacingNews365.com that the operation is set to be based in England, with additional plans to set up Formula 2 and Formula 3 teams under the Andretti banner going forward.
In the latest development, Andretti has confirmed a provisional engine deal.
Andretti strike a deal with Renault for F1 entry
Speaking in an interview with David Land on YouTube, Andretti confirmed that Renault is the chosen engine party, as the wait goes on to find out whether or not the FIA will progress with the application.
"We have a formal agreement on the engine supplier and then it's out there. It's going to be Renault, and I'm allowed to say it now!" Andretti commented.
F1's other engine manufacturers are Mercedes (works team, McLaren, Aston Martin and Williams), Ferrari (works team, Alfa Romeo and Haas) and Honda (Red Bull and AlphaTauri) – though the latter have taken a step back from the sport.
At present, Renault only power the factory Alpine team, which push the French company's sports car brand.
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