“We're delighted we've hit January and will now officially be known as
Haas enters 2023 not only with a new driver lineup of Kevin Magnussen and Nico Hülkenberg but a new team sponsor, making the American outfit the MoneyGram Haas F1 Team.
The Haas F1 team has revealed its updated livery for the 2023 season, featuring the prominent branding of its new title sponsor MoneyGram.
The end of 2023 will see Alfa Romeo's title sponsorship of the Sauber team wrap up, and the Swiss team's name will once again grace the grid as they gear up for the impending arrival of Audi in 2026.
The American team is back in 2023 and hoping to build on a decent showing in 2022. With two established drivers on board, 2023 is going to be interesting. Following a dry 2021, Haas managed to finish 8th in the constructor's championship last year.
Just before the Abu Dhabi Grand Prix weekend, Haas announced it was parting ways with Schumacher after the 2022 campaign, and Nico Hulkenberg would take his place.
The 2023 F1 grid is finally settled. We've said goodbye to Sebastian Vettel, Mick Schumacher and Daniel Ricciardo, but welcome Logan Sargeant and Oscar Piastri as rookies and Nico Hülkenberg returns after two seasons away.
He opened a small machine shop called Pro-turn Engineering in 1978. He developed and built an indexer with a stepper motor drive and formed Haas Automation to mass produce them. His product the HBI-5C was patented in 1986. In 2008 sales for Haas Automation were just under $1 billion.
Financial terms of the deal are not disclosed, but Sports Business Journal (SBJ) reports that Haas usually command title sponsorship deals worth around US$40 million annually.
Haas have revealed an updated team logo and new official team name ahead of the 2023 Formula 1 season, fresh from signing payment company MoneyGram as their new title sponsor.
Status of F1 driver for 2023 season. After two years in Formula 1, Mick Schumacher failed to secure a spot on the grid for the 2023 season. He has been replaced by the experienced Nico Hülkenberg at Haas, leaving him without a full-time drive this year.
The MoneyGram deal was announced at the United States Grand Prix last October but only comes into effect now ahead of the 2023 season, with Haas officially being renamed as the MoneyGram Haas F1 Team.
NASCAR. In 2002, Haas formed a NASCAR race team, Haas CNC Racing. After purchasing the Concord, North Carolina-based Craftsman Truck race facility from Hendrick Motorsports, Haas CNC Racing began work on its first entry in the Winston Cup (now known as the NASCAR Cup Series) Series as a single-car team.
Competing teams earn through three primary passages – formula One Management payments, sponsorships and brand endorsements. Most Formula One teams often have 12 to 15 sponsors. The Haas team currently makes a revenue of Forty-Eight million dollars annually.
The Mercedes-AMG PETRONAS F1 Team is delighted to confirm that Mick Schumacher will join the Team in the role of Reserve Driver for 2023. Mick will play an important role in the ongoing development of the W14.
What was the tweet? On the Wednesday before Silverstone, Rich Energy's official Twitter account claimed Rich Energy had terminated its Haas deal, effective immediately, citing Haas' poor on-track performances.
Today, the Haas family's shares are worth a bit more than nine times what they paid in the 1984 leveraged buyout. Their collective net worth is over $4 billion. And revenues are up nearly 30% from 2020.
In the immediate aftermath of Russia's invasion of Ukraine back in March, the Haas team unilaterally terminated its Uralkali sponsorship deal because of the links the company's owner Dmitry Mazepin had with the country's president Vladimir Putin.
In a rather short statement following the news that Audi will join F1 in 2026, Alfa Romeo has announced that it will leave the sport and cut ties with Sauber at the end of the 2023 season. “Alfa Romeo communicates that its partnership with Sauber Motorsport will end within the end of 2023,” the company said.
Latest. Daniel Ricciardo will not be leaving F1 at the end of the season after agreeing a deal to become third driver for his former team Red Bull. But why are they getting the band back together? F1 Correspondent Lawrence Barretto explains…
Expect F1-derived technology to appear on Audi's next performance plug-in hybrids. In August of last year, we were somewhat shocked when Audi confirmed that it would enter Formula 1 in 2026.
Michael Andretti has attempted to purchase the Haas F1 Team multiple times, and he has been rejected multiple times.
Haas F1 Team has yet to win a race in Formula 1. The team's best finish in a race was a fourth-place finish at the 2018 Azerbaijan Grand Prix. Haas F1 Team has achieved five podium finishes in its history, with two coming in the 2018 season and three in the 2019 season.
Haas F1 Team to Run with $110 Million Budget
But they'll be driving for a team that will spend relatively little and have far fewer staff than existing midfield outfits.