- Oldest ex-MLB player dies in Cuba, 2 days shy of 103rd birthday
- ‘Top Gun’ for drones: Squadrons of carrier-based killers have Navy’s approval
- Bill Clinton to endorse Charlie Rangel for re-election
- Pfc. Bradley Manning is now Pfc. Chelsea Manning: Court says so
- Secret base U.S. special forces used to train Libyans now under terrorist control: report
- 9th suspect in N.C. kidnapping turns self in to FBI
- L.A. sheriff admits to testing flyover spy program without notifying residents
- Foreign minister vows response if Russians are attacked in Ukraine
- Robert Griffin III to drive pace car before Richmond NASCAR race
- Material on Australian shore examined in jet hunt
Haas undeterred by challenge of starting F1 team
CHARLOTTE, N.C. (AP) - Gene Haas wants double the profits of CNC machine manufacturer Haas Automation to $2 billion a year - a goal he believes he can only accomplish by tapping into the global market.
And how does he do that? By starting a Formula One team, of course.
“We want to be an American team. We think that has the most sizzle to it,” he said.
Haas, through Haas Racing Development, paid a $5,000 application fee to F1’s governing body during an open application period for new teams interested in racing in either the 2015 or 2016 season. He said he has received some frank advice from F1 boss Bernie Ecclestone about this venture.
Haas didn’t blink when asked Monday if he’d be willing to help fund Kurt Busch’s potential Indianapolis 500 entry - “He hasn’t asked me,” he said - and is already paying anywhere between $12 million and $20 million out of pocket for Haas CNC to sponsor Busch’s new fourth entry at SHR - an endeavor that required significant capital improvement at SHR headquarters.
So does he have enough money for an F1 team?
“I won’t know until I try. If you don’t try, you’ll never fail,” he said. “The Europeans have their way of doing things, and we as Americans have our way of doing things. I think we could be competitive and successful.”
He admitted Ecclestone’s warning was likely his way of “being as brutally honest with us as he can” but Haas is driven by the challenge of being America’s first F1 entrant since Penske Racing competed from England from 1974-78.
The last U.S.-based team was Parnelli Jones Racing in 1974-76, when Mario Andretti drove.
The FIA granted entry to an American team in 2009 - the USF1 team - but it failed to hit the grid in 2010 and Haas said that botched effort could hurt his process. His next application is due Feb. 10.
He’s got the support of Stewart, but his partner in the NASCAR team would not be part of an F1 venture.
“That’s Gene’s project, but it’s pretty exciting,” Stewart said. “Gene is the kind of person who when he puts his mind to it, he has the ability to stay focused. He’s done that with the Cup side, he’s done that with Haas Automation, and it’s going to be exciting watching him try to do that in Formula One.”
Feds who send arms against ranch families betray American values
- Nevada rancher Cliven Bundy hailed as patriot, ripped as lawless deadbeat
- CARSON: When government looks more like foe than friend
- Pentagon plans to replace flight crews with 'full-time' robots
- Georgia governor signs bill expanding gun rights
- America is an oligarchy, not a democracy or republic, university study finds
- Texas is next! AG warns BLM wants 90,000 acres after Bundy ranch standoff
- Opposition rising to Colorado gun control laws
- Professor apologizes after blasting Republicans in class
- Harry Reid using tax dollars to fight Koch brothers, La. GOP chair charges
- Ukraine claims torture by pro-Russian forces on the heels of Biden's stern warning to Moscow
Top 10 handguns in the U.S.
Celebrity deaths in 2014