MoneyGram Haas F1 Team debuted in the FIA Formula One World Championship in 2016, becoming the first US Formula One team since 1986. Founded by Gene Haas, MoneyGram Haas F1 Team is based in the United States, Kannapolis, North Carolina, on the same campus as his championship-winning NASCAR team, Stewart-Haas Racing. Gene Haas is the founder of Haas Automation, the largest manufacturer of CNC machine tools in North America, and he is president of the MoneyGram Haas F1 Team.
The day-to-day management of MoneyGram Haas F1 Team is in the hands of Günther Steiner, a motorsport engineer and icon within the world of Formula 1. The general public got to know Steiner in the popular Netflix series Drive to Survive. The team's two drivers are Kevin Magnussen and Nico Hülkenberg. Besides being a successful team with a lot of potential, MoneyGram Haas F1 Team has entered into an intensive partnership with Ferrari, which competes as a top team in Formula 1.