American-based F1 franchise, Haas Formula, officially introduced

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Over the last year, we’ve learned that Gene Haas is not afraid to take big risks.

The NASCAR team co-owner proved as much this past off-season when he almost single-handedly brought in Kurt Busch and triggered the expansion of his Stewart-Haas Racing operation (in which he shares ownership with three-time Sprint Cup champion Tony Stewart) to a four-car program.

It was a major gamble that would ensure plenty of attention from NASCAR Nation – which, in turn, ensured that if the gamble backfired, it would be a memorable disaster.

As NASCAR goes into the Easter break, SHR has claimed three checkered flags in the season’s first eight races, including Kevin Harvick’s second win of the season last weekend at Darlington and Busch’s triumph a few weeks ago at Martinsville.

That leap of faith from Haas has paid off. But now, Haas, a businessman who has become a billionaire off manufacturing machine tools, is preparing for his toughest venture yet in motorsports.

Last week, he received word that he would indeed become a Formula One franchise owner. This morning, he dubbed the new franchise as Haas Formula and revealed that it would be based in Kannapolis, North Carolina – the town most famous for spawning one of America’s greatest racing families, the Earnhardts.

Once again, the eyes of the racing world will be on him, and he acknowledged that at least some of the attention is based off of a chance to see his team fail.

But like always, he was confident that he would succeed – not only in performance on the track, but also in giving F1 the bigger presence in America that it craves.

“I’m sure most people are betting that we will fail,” said Haas, who was flanked at today’s press conference by his new team principal, Guenther Steiner, a former technical director at Red Bull and Jaguar.

“And that’s why it’s going to be successful, because if we don’t fail, then we’ve done something that other people haven’t. And that will definitely help sell Formula One in the U.S.”

Haas indicated that the team still must elect whether they’ll be ready to go for the 2015 season or if they’ll wait for 2016. That decision, according to him, should be made within the next month.

“I think 2015 is too close and 2016 is too far, so that’s kind of where I see it,” he said. “If we wake up in 2016 we’re just going to start delaying and strategizing and we’re going to end up spending even more money because we’ll just basically be in a neutral position until maybe the middle of next year.”

With that in mind, he intends to initially utilize a car that’s at least partially based on the technology of the team’s partners – whoever those will eventually be.

One of those partners may well be Italy-based chassis manufacturer Dallara, which most recently worked with the now-defunct HRT team on its 2010 challenger.

Haas noted that he’s held preliminary talks with Dallara but that the ultimate goal was for his team to become a legitimate constructor.

“…As time goes on, we’ll learn,” Haas said. “We’ll figure it out, and the car will eventually evolve into our own car – and quite frankly, I think we can beat the Europeans at their own game.”

As for the engine side of things, Haas plans to forge a deal similar to a pact for his NASCAR effort that allows them to use Hendrick Motorsports powerplants.

“To sit there and say that we can understand what’s going on with these cars in a year or two is not reasonable,” he admitted. “It’s going to take us a while to learn and we’re going to lean heavily on a technical partner to help us.”

Just making it to the F1 paddock would put Haas Formula on a higher level than the last attempt at an American-based Grand Prix team.

In 2009, USF1 was granted entry into the series for 2010 and planned to have bases in both Charlotte, North Carolina and in Spain. But the project ultimately collapsed, and today, Haas said that while he respected those involved for trying, he felt that the project’s failure “cast a long shadow.”

Nonetheless, he feels that with his many resources, he can excel where USF1 failed.

“USF1 was basically a start-up that basically had no resources what so ever,” he said. “They didn’t have a racing team. They took on a huge challenge, and I admire the fact they took that challenge.

“But on the other hand, I’m partners with Tony Stewart in a very successful NASCAR racing team. I have a machine tool company that has the capability of building the most sophisticated machines in the world…I have a rolling road wind tunnel, Windshear, a 180 mile per hour wind tunnel.

“I have a lot of the resources and basic infrastructure that I think is necessary in order to succeed in this.”

With 200 IndyCar wins in the books, Penske looks for No. 201 at Indy

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The history of Team Penske at the Indianapolis Motor Speedway is a storied one that features 16 Indy 500 wins, including a pair of four-time winners in Al Unser and Rick Mears, and number of utterly dominant performances.

Yet, they’ll head to this year’s 102nd Running of the Indianapolis 500 looking to avenge a pair of relatively subpar performances in each of the last two years.

Power was the only Penske driver to finish in the Top 10 in 2016, with Helio Castroneves and Simon Pagenaud finishing 11th and 19th after fuel strategy intervened late in the race. And last year, all the Penske cars were somewhat down on pace compared to other teams, notably the Honda cars.

Power was the only Penske driver to qualify for the Fast Nine Pole Shootout last year – he qualified ninth. Juan Pablo Montoya and Helio Castroneves were 18th and 19th in the grid, while Josef Newgarden and Simon Pagenaud were 22nd and 23rd.

And only Castroneves was in winning contention in the final laps as he battled eventual winner Takuma Sato – Montoya was sixth, while Pagenaud was 14th and the only other Penske running at the end. Both Newgarden and Power crashed out on Lap 183.

This year, however, could see a return to the dominant form we’re used to seeing from the Penske outfit. All four cars entered – Pagenaud, Power, Newgarden, and Castroneves – qualified inside the top nine, with Pagenaud and Power on the front row.

They have all been near the front of the time sheets, especially in laps without a tow from another car, and the indication is that the Penske cars may be the fastest ones in the field.

All told, it leads to very high expectations for a team that already expects highly of itself.

Leading the way for Penske is current points leader and defending IndyCar champion Josef Newgarden. Newgarden’s best Indy 500 finish is third in 2016, but he only has one other Top 10 there – ninth in 2015.

But, with an IndyCar title now under his belt, Newgarden has his eyes set on an Indy 500 win.

Josef Newgarden looks to add an Indy 500 crown to his 2017 championship. Photo: IndyCar

“I think Indianapolis…is certainly next on the list for me,” he detailed in a press conference ahead of qualifying. “It’s not next on the list for the team, they’ve won it many times. The good thing is we have four great opportunities, especially having Helio back. I think we have one of the best opportunities in the entire field to win this race.”

Pagenaud, like Newgarden, is also looking for his first Indy triumph, though his record there isn’t quite as good. He has been fast at Indianapolis Motor Speedway, but only has two Top 10s to show for it – eighth in 2013 with Schmidt Peterson Motorsports and tenth in 2015 in his first year with Penske.

And a Pagenaud win would be somewhat historic – it would be only the fourth time a French driver has won the “500,” and the first since 1920 (Gaston Chevrolet).

Pagenaud explained that this race always holds a place as a top priority, and that success at Indy is all about preparation.

Simon Pagenaud looks to become only the first French driver to win an Indy 500 since Gaston Chevrolet in 1920. Photo: IndyCar

“It really is our number one goal. In Roger and Tim’s heart, it’s the most important one,” Pagenaud declared. “We prepare really hard. The team does a fantastic job at just understanding every bit and component of this new aero kit, trying to extract the best out of the equipment.”

Pagenaud added, “On the driver side, there’s a lot you can do obviously to review the past races, try to focus yourself, try to put yourself into the race before it happens, try to just improve. That’s what we try to do every day. That’s the goal. That’s why this group is so good. We push each other so hard that you always try to push the limits away.”

Power, the man who delivered Penske his 200th IndyCar win, is no stranger to success at IMS, having won the Grand Prix on the IMS Road Course three times. But, he is yet to find Victory Lane on the oval, and that leaves a void in an otherwise stellar career.

Will Power has won the INDYCAR Grand Prix three times, and looks for his first win at the “500” this weekend. Photo: IndyCar

Power spotlighted the opportunity in front of him, and detailed that running in traffic has been a strength thus far through practice.

“It’s fantastic to have that opportunity. Obviously very focused on (trying to win),” he revealed. “I feel like we have a really good opportunity to win this year. I mean, I think Chevrolet has brought a really good engine. I feel like we’re really fast. Running in traffic and such, I felt like we’ve been pretty strong, especially when you get to the front.”

Castroneves is the only Penske driver with Indy 500 wins on his resume. But, with three wins to his name, Castroneves is more than familiar with IMS glory.

Now a part-time IndyCar driver who races full-time in the IMSA WeatherTech Sports Car Championship with the Acura Team Penske outfit, Castroneves’ sole focus is on getting that elusive fourth win.

Helio Castroneves looks to join the four-time winners club at the Indy 500. Photo: IndyCar

And he has momentum on his side too, coming off a debut IMSA win for the Acura Penske outfit at the Mid-Ohio Sports Car Course. A fourth Indy 500 win would put an exclamation point on the month for Castroneves.

“I think about it every day,” he said when asked about how often he ponders getting that fourth win. “It was one of those incredible ones, I have phenomenal car, the Pennzoil car was really strong last year. Obviously coming back here, first of all, I want to thank Roger and (team president Tim Cindric) for giving me the opportunity to be back at the Indy 500. It’s such a special place for so many people. Just to be back and able to continue our goal and pursue for the number four, it’s incredible.”

Pagenaud and Power will flank pole sitter Ed Carpenter on the front, starting second and third respectively. Newgarden starts fourth, while Castroneves will start eighth.

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