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...
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