News Details
Haas Automation hit hard by US tariffs but F1 team unaffected
© XPB Phillip van Osten
09/04/2025 at 16:2309/04/2025 at 16:49 Haas Automation, the American machine tool manufacturing giant and primary backer of the Haas Formula 1 team, has released a stark warning over the effects of tariffs imposed by the Trump Administration. However, the company’s challenges will not spill over into its Formula 1 operations. In a statement issued on Tuesday night, Haas Automation outlined a worrying downturn in business caused by escalating tariffs, which have sharply reduced demand for its products both domestically and internationally. The company, founded by Gene Haas and headquartered in Oxnard, California, is now taking a cautious approach in...
Full Story »
Full Story »
You May Also Be Interested In...
Haas F1 owner warns Donald Trump tariffs will harm...
Haas Automation, the parent company that Gene Haas operates to fund his...
7mo ago from MotorsportWeek.com
Haas clarify potential impact of Donald Trump tariffs...
Donald Trump has levied tariffs against most countries with Haas...
7mo ago from RacingNews365.com
Haas statement on tariffs ‘does not have any...
A statement from Haas Automation regarding a slowdown of its activities...
7mo ago from Racer.com
Aston Martin sells F1 team amid share price decline
Aston Martin is set to sell its minority stake in the Aston Martin...
7mo ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
3h ago from Motorsport.com
How Pirelli is preparing its MotoGP 2027 takeover
No description available...
9h ago from Motorsport.com
Toprak Razgatlioglu aims to challenge Fabio Quartararo...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
1d ago from Motorsport.com
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
2d ago from MotorsportWeek.c...
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Saudi Arabia: Ott Tanak leads, Sebastien...
No description available...
37m ago from Motorsport.com
Rest periods will be mandatory in the 2026 WRC season
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal v Bayern Munich – live blog
Join us for live blog coverage of our Champions League clash at home to...
37m ago from Arseblog.com
Arsenal v Bayern Munich: Champions League – live
Champions League updates from the 8pm GMT kick-off<br>⚽ <a...
1h ago from TheGuardian.com
Cole Palmer close to fitness and could give Chelsea...
t;li>Palmer training with squad despite toe fractureForward out since...
2h ago from TheGuardian.com
Arsenal vs Bayern Munich Q&A LIVE! Who will win the CL...
No description available...
2h ago from SkySports.com
Comments
Hottest News
F1: Qatar Grand Prix: Preview - Red Bull
We will approach the weekend the same way we have... Read More »
57m ago from Pitpass.com
Newey to become Aston Martin team boss in 2026
Adrian Newey will become Aston Martin's team... Read More »
3h ago from SkySports.com
‘I meant it' – Max Verstappen on Lando Norris'...
Max Verstappen has backed his own assessment of... Read More »
2h ago from MotorsportWeek.com
