The Formula One racing team established by NASCAR Monster Energy Cup Series team co-owner Gene Haas in April 2014. Now Haas F1 Team was also known as Haas Formula and Haas Racing Developments.
Haas was the first constructor to submit an F1 entry after the failed US F1 project in 2010. As the Marussia F1 was collapsing during the 2014 season, their assets were auctioned and Haas purchased the team's Banbury headquarters to serve as a forward base for their operations. The team’s primary base is however at Kannapolis, North Carolina, United States.
All the major components like engine, transmission, front suspension etc. are supplied by Ferrari and the chassis is developed by Dallara, Italy. HAAS made its debut in the 2016 season. Kevin Magnussen and Romain Grosjean are currently driving for the HAAS F1 team in 2018 season.
Power for the team’s cars comes from Ferrari, with whom Haas have a multi-year technical agreement. Which helps them to pioneer one of the best competitive low-cost models. This strategy got a mixed response, good thing is that financial issues faced by Lotus and Marussia can be avoided while smaller privateer teams who invest in their own infrastructure are concerned with more power handling by larger teams.
Further technical support through Scuderia who provide them with transmission and various other parts, while their Team Principal, Steiner is himself a former Red Bull Jaguar F1 technical chief, their chief Aerodynamicist Ben Agathangelou is a former Ferrari man.
The fledgling Haas team made an impressive debut in the 2016 FIA Formula One World Championship. They happen to be the first all American led F1 team in last three decades. Field an experienced driver line-up for their inaugural season, securing the services of Romain Grosjean, a ten-time podium finisher with Lotus, and former Sauber racer and Ferrari tester Esteban Gutierrez. Grosjean went on to finish at 6th position in the team’s debut opening at the Australian GP, which became the first American constructor to win points in its first F1 race and the first constructor overall since Toyota Racing in 2002 to record points in its debut.
At the end of 2016 season, Haas finished 8th in the constructor’s standings with 29 points, apparently, Grosjean scored them all. It was the best debut by a new team this century. On 11th November 2016, the team announced that Kevin Magnussen would be replacing Gutierrez for the 2017 season.
The form presumed in 2017 season as well, the team scored its best ever qualifying effort, with Grosjean piloting the VF-17 to 6th place in the very first race. The team’s success continued through their first double point finish at Monaco and went on to finish the season at 8th place in constructor’s title for the second straight year.