Can the New Gene Haas Racing Team Succeed in Formula 1?

After months of speculation, the FIA announced on Friday that it had accepted the bid of NASCAR team owner Gene Haas to form a new Formula One team. Now that the new American entry is confirmed, the next questions that must be asked are: Can the team succeed in F1 and how quickly? In 2010, three new teams were added to the F1 grid: HRT, Lotus (now Caterham) and Virgin (now Marussia). HRT was out of business after three seasons, while the other teams have struggled to make up the gap to the more established outfits. Now in their fifth seasons, none of the new teams have ever scored a point. Similar performances are unlikely to satisfy Haas, whose NASCAR team won the 2011 championship with co-owner Tony Stewart at the wheel. However, the new ...

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