TWG Motorsports is a division of TWG Global, the investment company co-chaired by billionaires Mark Walter and Thomas Tull. TWG Global, the private investment firm co-chaired by billionaires Mark Walter and Thomas Tull, has formally launched TWG Motorsports, the new parent company of Andretti Global, the companies announced Tuesday.

The group that owns Cadillac Formula 1 officially launched TWG Motorsports on Tuesday as the division responsible for its rapidly growing motorsports portfolio. TWG Global is the main company owned by co-chairs Mark Walter and Thomas Tull and has controlling interest in the Los Angeles Dodgers,

With immediate effect, Cadillac's new Formula 1 team will become part of TWG Motorsports, a new branch of TWG Global. It also includes Andretti Global (which competes in IndyCar, Formula E and Indy Nxt),