Haas F1 team refutes speculation regarding financial difficulties.
"The team is functioning normally."
Formula 1's smallest team is downplaying rumors of financial difficulties. As global markets reacted with significant volatility due to the ongoing tariff situation involving Donald Trump, Haas Automation, the parent company of the Haas team, released a statement. Notably, the letterhead included the Haas F1 Team logo, while the content expressed concern about a "dramatic decrease" in demand for Haas machine tools. Haas indicated that it has cut production, eliminated overtime, and stopped hiring. Following this statement, Trump announced a 90-day pause on global tariffs - excluding China - indicating that most countries are open to negotiations. Regarding any effects on the Haas F1 team, a spokesman stated, "The team continues to operate as normal. There are no changes to the development process, recruitment, or other projects." The tariff situation and significant global market fluctuations occur at an intriguing time for Formula 1, as engine suppliers are set to meet in Bahrain to discuss the possible return of V10 engines. There may also be a strong financial rationale for reconsidering the radically electrified new regulations. "Cadillac isn't yet eligible to vote because they haven't registered as an engine manufacturer," Auto Motor und Sport reports. Notably, CEOs including Mercedes' Ola Kallenius and Audi's Gernot Dollner are expected to attend the meeting.
Other articles
Tsunoda used Verstappen's settings.
Yuki Tsunoda scored no points in his first race with Red Bull Racing. In Bahrain, the Japanese racer said that he used Max Verstappen's settings in an attempt to get more speed from the car.
Alex Albon on Williams' problems at the beginning of the season
On Thursday, before the start of the weekend in Bahrain, Alex Elbon spoke about Williams' problems at the beginning of the season…
George Russell: The FIA is moving towards instability
Today it became known about the resignation of FIA Deputy President for Sports Robert Reed due to the fact that, in his opinion, the president of the federation, Mohammed bin Sulayem, departs from its basic principles. George Russell commented on the resignation and stated that the FIA is moving towards instability.
Sainz: I hope they'll tell me what my fine went to.
At the last stage in Suzuka, Carlos Sainz was fined 10,000 euros for being late for the anthem ceremony before the start. At the FIA press conference in Bahrain, the Williams driver criticized the fine itself and its size.
Leclair will test the new settings in Bahrain
Charles Leclair plans to test a new car setup at the Bahrain Grand Prix. The Ferrari driver will do this as part of the search for a solution to the lack of speed in the first three stages of the season.
Leclair is confident that Scuderia will gradually catch up with the leaders.
Charles Leclair is confident that Ferrari will gradually be able to close the gap between rivals, and hopes that already in Bahrain it will be able to take a step forward...
Haas F1 team refutes speculation regarding financial difficulties.
Formula 1 | The smallest team in Formula 1 is downplaying claims that it might be facing financial difficulties. This comes as global markets experienced significant volatility in response to the (…)