Andretti's F1 Bid Sparks Congressional Involvement

1 min read
Source: NBC News
Andretti's F1 Bid Sparks Congressional Involvement
Photo: NBC News
TL;DR Summary

U.S. lawmakers are pressing Formula 1 and its owner, Liberty Media, for rejecting Andretti Global's bid to join the racing series, citing potential anti-competitive behavior. The Andretti team, backed by GM and Cadillac, could boost the U.S. economy and F1's American fan base. The controversy has led to congressional inquiries and calls for antitrust investigations, with lawmakers arguing that American teams should have equal opportunities in the sport.

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