P1racenews AI automatic summary:
Amid US Congress intervention and Andretti continuing to scale up its Formula 1 project against a waning engine commitment, where does it really stand?
A senior United States politician has accused Formula 1 of making excuses to deny Andretti and General Motors a new entry, questioning whether the entire Formula 1 model may be broken. The rejection of the planned GM-backed Andretti Cadillac entry has sparked mounting political pressure in the US. Despite the setback, Andretti Global has continued preparations and sought to engage with Formula One Management to reconsider its decision and explore alternative options. Political support in the US is seen as crucial for Andretti’s potential reentry into F1. The bipartisan members of Congress have voiced their support in challenging what they perceive as anti-competitive behavior by F1. They have called for more information about the rejection and expressed concerns over potential violations of American antitrust laws. Chairman of the House Judiciary Committee Jim Jordan has sent a letter demanding answers from Liberty Media and F1 leadership, suggesting that if F1 hinders competition to protect failing competitors, the entire Formula 1 model may be flawed. Jordan asserts that the Committee on the Judiciary has the authority to investigate F1 for potential anticompetitive conduct under the protection of trade and commerce against unlawful restraints and monopolies.
