complements of mabarker1 Haas F1 Team...new name: What was initially known as Haas Formula is now Haas F1 Team. Gene Haas, founder of Haas Automation and chairman of the newly renamed Haas F1 Team, opted for the name change to better correlate his team with motor racing's most prestigious series - the FIA Formula 1 World Championship. Haas F1 Team takes the place of the previous name, Haas Formula, which will remain the legal entity. Haas F1 Team will be the public and commercial name of the first American-led Formula One team since 1986. Its Website, www.HaasF1Team.com, launched on Tuesday. The FIA granted Haas a Formula One license in April. Well before then, ground was broken on an 11.600 square-meter (125,000 square-foot) facility adjacent to Haas' NASCAR Sprint Cup Series team in Kannapolis, North Carolina, that will house the Haas F1 Team. Construction is scheduled to be completed in November. Haas' motorsports holdings include the Haas F1 Team, NASCAR's Stewart-Haas Racing and Windshear.(TSC).(9-3-2014)