Senators Call on Feds to Probe Formula 1 Rejection of Andretti Team

A bipartisan group of U.S. senators has called on the Federal Trade Commission and Department of Justice to investigate as a possible antitrust violation Formula 1’s exclusion of a racing brand owned by racing legend Mario Andretti. The May 21 letter, addressed to FTC Chairwoman Lina Khan and U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter, notes that there are 10 Formula 1 teams but none “drive an American-made car with American-made components driven by an American.” Additionally, “In 2023, a single team won all but one race, and half the teams in F1 have failed to win a race in the past four seasons combined, the senators said. “This competitive balance has not been the hallmark of F1 racing and adding a team backed by a major U.S. car manufacturer is likely to enhance competitiveness, not reduce it.”...