Haas was the first American constructor to submit an F1 entry after the failed US F1 project in 2010, and the first American constructor to actually compete since the unrelated Haas Lola outfit, which raced in the 1985 and 1986 seasons. That team was owned by former McLaren boss Teddy Mayer and Carl Haas, who was not related to Gene Haas. Following the collapse of Marussia F1 during the 2014 season, Haas purchased the team's Banbury headquarters to serve as a forward base.
Steiner had developed a formal business plan during the late-2000s economic recession detailing the operational and financial model for a prospective F1 team. According to Steiner, support from established figures including Niki Lauda and Jean Todt helped secure approval for the team's entry. Haas approached Italian manufacturer Dallara to build their chassis with a power unit supplied by Ferrari. The new car was shaken down in December 2015 ahead of official pre-season testing at Barcelona in early 2016.
Romain Grosjean and Esteban Gutiérrez drove in 2016. At the opening Australian Grand Prix, Grosjean finished sixth, scoring eight points — making Haas the first American constructor to score points in its debut F1 race. Gutiérrez crashed in the same race in an incident that destroyed Fernando Alonso's McLaren. Grosjean added a fifth place in Bahrain. The team finished eighth in the Constructors' Championship with 29 points, all scored by Grosjean.
Kevin Magnussen replaced Gutiérrez for 2017. The team achieved its first double points finish in Monaco and again finished eighth in the Constructors' Championship, having been surpassed by Renault in the final races.
In 2018, the team unveiled the VF-18; several competitors called for an investigation due to its resemblance to Ferrari's 2017 SF70H. At the Australian Grand Prix, both cars were running fourth and fifth before retiring one lap after their pit stops — Steiner later stated the pit crew had cross-threaded the wheel nuts on both cars. The team matched fourth and fifth in Austria and finished fifth in the Constructors' Championship, their best season to that point. Magnussen scored Haas's first-ever fastest lap at the Singapore Grand Prix.
For 2019 the team retained Grosjean and Magnussen and competed as Rich Energy Haas F1 Team. In July, just days before the British Grand Prix, Rich Energy's Twitter account announced termination of the sponsorship deal, citing poor performance; the team and Rich Energy's shareholders denied this, claiming the tweet was the act of a rogue individual. In September, Rich Energy formally terminated the deal with immediate effect. The VF-19 showed strong qualifying pace but suffered in races; the team finished ninth in the Constructors' Championship with 28 points.
The lineup was unchanged in 2020. At the Bahrain Grand Prix, Grosjean collided with Daniil Kvyat and crashed through the barriers, splitting the car in two and bursting into flames. Grosjean escaped with burns to his hands; he stated the halo device likely saved his life. Reserve driver Pietro Fittipaldi substituted for the final two rounds. The team scored three points and finished ninth.
For 2021, Grosjean and Magnussen left and were replaced by Nikita Mazepin and Mick Schumacher, son of seven-time champion Michael Schumacher. To survive financially, the team halted development of the 2021 car and focused resources on the 2022 machine. Mazepin's father Dmitry, a key shareholder in Russian potash producer Uralkali, secured a title sponsorship; the resulting livery carried Russian flag colours. In the season's final race, Mazepin tested positive for coronavirus and was ruled out; Haas chose not to replace him with Fittipaldi, as he had not fulfilled the requirement of having competed in a practice session for the team. Haas finished tenth in the Constructors' Championship with zero points.
Following Russia's invasion of Ukraine in February 2022, Haas removed Uralkali's branding from its cars, and on March 5 announced termination of the title sponsorship deal and Mazepin's driver contract. Magnussen returned to replace Mazepin.
The focus on the VF-22 throughout 2021 paid off; Magnussen scored points in the first two races at Bahrain and Saudi Arabia. Haas took a double points finish at the British Grand Prix — Schumacher's eighth place was his first-ever F1 points finish. Kevin Magnussen took the team's maiden pole position at the São Paulo Grand Prix by outqualifying the field in changing conditions, though he later retired after a collision with Daniel Ricciardo. The team finished eighth in the Constructors' Championship. Schumacher departed at the end of the season.
Nico Hülkenberg joined for 2023 as MoneyGram Haas F1 Team after a new title sponsorship with MoneyGram was signed. The VF-23 showed strong qualifying pace but suffered high tyre wear in races; the team scored points just five times and finished tenth with 12 points.
For 2024, Steiner's contract was not renewed and Komatsu took over as team principal. Technical director Simone Resta also departed. In August 2024 it was reported that Haas had to reimburse US$9 million to former sponsor Uralkali for the cancelled contract. Dutch bailiffs and police entered the Haas paddock during the Dutch Grand Prix to valuate assets; Gene Haas confirmed payment was made on August 23, complicated by Russian sanctions, and Uralkali confirmed receipt on August 26. Magnussen received a race ban after accumulating twelve penalty points in twelve months; reserve driver Oliver Bearman replaced him for the Azerbaijan Grand Prix. The team finished seventh in the Constructors' Championship with 58 points, their best result since 2018.
Hülkenberg and Magnussen both departed after 2024. Hülkenberg re-joined Kick Sauber; Magnussen was replaced by Bearman, the first Haas rookie since the 2021 Mazepin–Schumacher pairing. Esteban Ocon, who had departed Alpine after five seasons, was signed as the second driver. The team opened the 2025 season poorly with both drivers at the back of the field in Melbourne, but scored a double points finish in China; post-race disqualifications for Ferrari and Alpine promoted Ocon and Bearman to fifth and eighth. At Mexico, Bearman finished fourth — the team's joint-best ever finish. Haas finished with 79 points but dropped from seventh to eighth in the Constructors' Championship.
In October 2024, Haas had announced a technical partnership with Toyota Gazoo Racing, with TGR providing design, technical, and manufacturing services and marking Toyota's return to F1 after a 15-year absence. In December 2025, TGR became title sponsor for 2026 onwards; the team competes as TGR Haas F1 Team. In April 2025, Toyota driver Ryō Hirakawa was signed as test driver for the 2025 season. Ocon and Bearman were retained for 2026, with former Alpine driver Jack Doohan signed as reserve.
Haas's close partnership with Ferrari has been a recurring topic within the paddock. The team's approach was praised for enabling a low-cost competitive entry model; it was simultaneously criticised by privateer teams who had invested in independent infrastructure and were concerned about the political power it handed to larger constructors. In 2018, rivals McLaren and Force India criticised the partnership after the VF-18's resemblance to the 2017 Ferrari drew attention. During 2019 rule discussions, both Renault and McLaren raised concerns about Haas operating as a Ferrari B-team; Ross Brawn, F1 managing director of motorsport, stated the business model was something to maintain for the future for small teams entering the sport. Haas has drawn on Ferrari's driver academy for reserve drivers including Charles Leclerc, Antonio Giovinazzi, Callum Ilott, Robert Shwartzman, and Oliver Bearman.
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