F1: Haas Formula 1 about launch but when and will it succeed?

Now that Gene Haas gotten permission to go ahead with his Formula 1 team the first tough decision is when will it race.

The American machine tool magnate said “2015 is too soon and 2016 will be too late,” at a press conference held Monday in Concord, NC.

The team will be based in a campus in Kannapolis nearby his Stewart Haas Racing NASCAR team he said “it’s not going to be a European organization.”

Although his personal wealth has been reported in the $750 million dollar range he promised to field a team and not just “throw money at it.”

Gene Haas

Gene Haas (Photo: NASCAR)

“I’ve been in Formula 1. I’ve seen the waste” added team principal, Gunther Steiner, who had been the technical director at Jaguar and Red Bull previously.

One thing Haas won’t have to worry about is a wind tunnel as he already owns one in Charlotte, Windshear. But it’s a full-sized one and he said that he’ll have to modify it for scale models as required by the FIA.

Haas has to overcome scepticism about a Formula 1-based team like no other. Especially in light of the epic failure of the USF1 team announced about five years ago in Charlotte.

Haas said USF1′s failure “cast a long shadow… I’m here to prove we can do it. I wouldn’t be doing it if I thought I would fail.”

“I have a wind tunnel at my disposal, he added “where they failed I can figure out how not to fail. The biggest reason if I didn’t do it I’d feel worse.

“I’m sure most people are betting we do fail.”

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