Gene Haas is the owner of Haas Automation, Inc., making him the primary owner of Haas F1 Team and the upcoming Haas Factory Team in NASCAR[4]. Haas Automation is a privately held company based in Oxnard, California, and is one of the world’s largest builders of computer numerically controlled (CNC) machine tools[8].
In Formula 1, Gene Haas has owned the Haas F1 Team since its debut in 2016. As of 2025, the team achieved financial independence and no longer requires financial support from its owner, but Gene Haas maintains full ownership[1][5].
In NASCAR, following the closure of Stewart-Haas Racing at the end of the 2024 season, Gene Haas will continue as a sole team owner with the establishment of the Haas Factory Team, retaining one Cup Series charter and operating a two-car Xfinity Series program[3][7]. This marks Gene Haas’s continued commitment to motorsports across premier racing platforms.
References
- [1] Haas F1 achieves financial milestone, no longer requiring owner funding
- [3] Gene Haas to Continue NASCAR Presence With ‘Haas Factory Team’ in 2025
- [4] Haas Automation – Wikipedia
- [5] Gene Haas won’t need to fund F1 team in 2025 – RACER
- [7] NASCAR: Stewart-Haas Racing charter finds surprising home for 2025
- [8] Haas Automation Inc. – Company Profile Report | IBISWorld
Leave a Reply