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.