Europe Steps Away From Andretti-Cadillac Saga

Depositphotos 95431504 L
Europe Steps Away From Andretti-Cadillac Saga (image courtesy Deposit Photos)
Depositphotos 95431504 L
Europe Steps Away From Andretti-Cadillac Saga (image courtesy Deposit Photos)

The European Commission has taken a step away from the investigations surrounding Formula 1 and the stalled Andretti-Cadillac team entry bid.

The probes by the United States government into why Andretti was approved by the FIA but rejected by Liberty Media are expected to shift into high gear this weekend in Las Vegas, with FBI officials expected to attend.

Currently, congressional inquiries, senatorial action and a Department of Justice antitrust investigation are still in play – predating Liberty CEO Greg Maffei’s decision to step down from the organisation that owns F1.

Given the severity of the allegations of cabal-like behaviour also involving high-profile Formula 1 team bosses, the latest reports suggest that Andretti may ultimately be permitted to enter the sport as planned in 2026.

In parallel, the European Commission, led by Commissioner Margrethe Vestager, has been reviewing the situation.

She has now declared in a statement: “Based on the limited information available to the Commission regarding the alleged barriers to entry into Formula 1 for new teams, the Commission cannot assess whether these barriers result from anti-competitive behaviour” and violate European laws.

“Therefore, the Commission does not currently intend to consider any measures or investigate the impact of the alleged barriers on innovation, employment, and competitiveness in the automotive and motorsport sectors within the EU,” Vestager added.

“However, we remain ready to examine any evidence of anti-competitive conduct that stakeholders may bring to our attention.”

Comments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in News

F1 Lewis Hamilton Tests Fiorano 01/2025

Lewis Hamilton Turns First Laps As A Ferrari Driver

An eagerly awaited debut in a red car for one ...
Formula 1 2024: Abu Dhabi Gp

Haas Confirms Magnussen’s F1 Roles For 2025

The Haas Formula 1 team has confirmed reports that Kevin ...
Formula 1 2024: United States Gp

Haas Will Race Tweaked 2024 Car This Season

Many Formula 1 teams will effectively race 2024-specification cars this ...
Kevin Magnussen 'at Peace' With Doubtful Future On F1 Grid

Kevin Magnussen Didn’t Chase F1 Contract For 2025

Kevin Magnussen insists he is perfectly happy to once again ...
Lewis Hamilton Maranello 2025 V2 B7fde8a6 2c0f 4650 A3b4 0cc52573a944

All Eyes On Lewis Hamilton’s First Ferrari Test

Hotel rooms are fully booked in the region surrounding Ferrari's ...

Trending on F1 Chronicle