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US senators call on DOJ, FTC to investigate Team Andretti-Cadillac's exclusion from Formula One

( May 21, 2024, 14:45 GMT | Official Statement) -- MLex Summary: Racecar competition Formula One's refusal to admit the General Motors-backed Team Andretti-Cadillac into the F1 Championship Series should be investigated as a potential illegal refusal to deal, a bipartisan coalition of seven US senators wrote in a letter to Federal Trade Commission Chair Lina Khan and Assistant Attorney General Jonathan Kanter, who heads the Department of Justice's antitrust division. "Given these facts, we have serious concerns that the rejection of Team Andretti-Cadillac was based on a desire to exclude a rival from the racetrack, marketing opportunities, and prestige that competing in F1 can lend to a car manufacturer competing to sell cars across the globe," they said.Statement and document follow below:...

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