{"id":75467,"date":"2024-08-09T00:04:13","date_gmt":"2024-08-09T04:04:13","guid":{"rendered":"https:\/\/autosector.com\/?p=75467"},"modified":"2024-08-09T00:04:13","modified_gmt":"2024-08-09T04:04:13","slug":"liberty-media-confirms-justice-department-investigation-over-andretti-cadillac-f1-bid","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=75467","title":{"rendered":"Liberty Media confirms Justice Department investigation over Andretti-Cadillac F1 bid – Autoblog"},"content":{"rendered":"\n

Liberty Media, owner of Formula One Group, confirmed that it is under investigation by the Justice Department for denying Andretti Global entry into Formula 1<\/a>.<\/p>\n

\u201cWe intend to fully cooperate with that investigation, including any related request for information,\u201d Liberty Media CEO Greg Maffei said during a conference call Thursday.<\/p>\n

The F1<\/a> rejection in January came after a six-month review of Andretti\u2019s application and the reasoning for the denial was taken personally by both Mario and Michael Andretti, as well as General Motors<\/a>, which plans to partner with Andretti in F1 under its Cadillac<\/a> brand. The bid would expand the current 10-team grid to accommodate a two-car American team.<\/p>\n

Maffei said Thursday that the company is open to new entrants applying and potentially being approved if certain requirements are met.<\/p>\n

The Justice Department did not immediately respond to a request for comment.<\/p>\n

Among F1\u2019s claims related to the rejection were that it did not believe Andretti would be a competitive team; that the Andretti name does not bring the value to the series that Michael Andretti believes it would; and that getting on the grid in the next two years would be a challenge Andretti has never faced before.<\/p>\n

Mario Andretti<\/a> said in April that he was deeply offended by the language Formula One Management used in denying the bid to join the global motorsports<\/a> series. The 1978 Formula 1 world champion posted on social media he was \u201cdevastated.\u201d<\/a><\/p>\n

In May, six U.S. senators called on the Justice Department<\/a> to look into the rejection, saying that there were concerns that Formula 1 was acting on behalf individual teams and other \u201ckey stakeholders,\u201d including foreign automakers, and that could be a violation of antitrust laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Liberty Media, owner of Formula One Group, confirmed that it is under investigation by the Justice Department for denying Andretti Global entry into Formula 1. \u201cWe intend to fully cooperate with that investigation, including any related request for information,\u201d Liberty Media CEO Greg Maffei said during a conference call Thursday. The F1 rejection in January […]<\/p>\n","protected":false},"author":1,"featured_media":75468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[],"class_list":["post-75467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-design-concepts"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/75467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75467"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/75467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/75468"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75467"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}