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...
6mo ago from MotorsportWeek.com
Haas clarify potential impact of Donald Trump tariffs...
Donald Trump has levied tariffs against most countries with Haas...
6mo ago from RacingNews365.com
Haas statement on tariffs ‘does not have any...
A statement from Haas Automation regarding a slowdown of its activities...
6mo 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
Joan Mir: Honda expectations increase after podium at...
No description available...
14h ago from Motorsport.com
Fabio Quartararo '99% sure' Yamaha will go all-in on...
No description available...
18h ago from Motorsport.com
Toprak Razgatlioglu backs Nicolo Bulega ahead of...
Former WorldSBK champion Toprak Razgatlioglu has shown his full support...
21h ago from MotorsportWeek.c...
Marc Marquez’s shoulder injury “serious” as...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
15h ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
15h ago from MotorsportWeek.c...
Kyle Kirkwood signs multi-year IndyCar extension with...
Andretti Global has announced that Kyle Kirkwood has signed an extension...
3d ago from MotorsportWeek.c...
Kyle Kirkwood signs multi-year extension with Andretti...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Japan: Kalle Rovanpera crashes early in SS3...
No description available...
7h ago from Motorsport.com
Ott Tanak tight-lipped on WRC future as speculation...
No description available...
22h ago from Motorsport.com
WRC Rally Japan: Kalle Rovanpera grabs early lead,...
No description available...
22h ago from Motorsport.com
Hyundai signings bolster WEC and WRC resources
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Two former captains, two ‘killer instincts'
Morning all. Thanks to Andrew A for filling in yesterday. I wish I had a...
41m ago from Arseblog.com
Teenage picks: the young players lighting up the...
e of them are not old enough to drive to training but they are driving...
21m ago from TheGuardian.com
Pundit claims Arsenal star 'has a little bit more'...
Arsenal midfielder Declan Rice arguably has a bit more to his game even...
21m ago from CaughtOffside.com
How 'second coach' Xhaka faces Arsenal as Sunderland's...
When Granit Xhaka was at Arsenal, he was inspired by Mikel Arteta to start...
21m ago from SkySports.com
Comments
Hottest News
Lewis Hamilton addresses Felipe Massa £64 million lawsuit...
As Felipe Massa waits to see if his case will go... Read More »
31m ago from RacingNews365.com
Jos Verstappen reignites Christian Horner feud with brutal...
Max Verstappen's father Jos Verstappen has... Read More »
31m ago from GPFans.com
F1 News Today: Carlos Sainz absence confirmed as Williams...
An unwell Carlos Sainz was ruled out of... Read More »
1h ago from GPFans.com
