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Haas basing F1 team on ‘Nascar’ approach

The collapse of Marussia and Caterham may be the definite end of an era in formula one, according to the sport's newest team entrant. American Gene Haas, basing his 2016 outfit in North Carolina, is also setting up camp in the UK, probably at ailing Marussia's Banbury facility. He told F1 business journalist Christian Sylt that work in England will begin shortly. 'We are moving right ahead and in January we are going to start having a few employees in the UK,' Haas is quoted by the report in Autoweek. His business model, however, will be vastly different to that of Marussia and Caterham, who tried to compete with F1's established and grandee teams as full constructors. 'Our business model...
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