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The Haas F1 Team has set up shop at the former Manor Marussia headquarters in the UK's motorsport valley, and hired some experienced Formula One veterans to run its new team, on track to join the grid next season.

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In racing, there are the haves and the have-nots. Marussia is sliding into the latter category, but its demise now means that Haas has a European base of operations for its new American F1 team.

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Plans are coming together for Gene Haas to launch his US-based Formula One team in 2016. The tooling magnate and NASCAR team owner has renamed his grand prix racing outfit from Haas Formula to Haas F1, he's setting up shop in North Carolina with a satellite location to be announced somewhere in Europe, and now he's penned an engine supply deal with Ferrari.

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Gene Haas is undertaking quite the initiative by starting his own Formula One team instead of simply buying an existing one. And he's making it even harder on himself by laudably insisting on quartering the operation at his home base in North Carolina. But to get onto the grid by 2016, he's going to need some help.

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American fans of Formula One racing have been eagerly anticipating the return of an American team to what is largely regarded to be the pinnacle of motor racing. But it's been a long, long time. The last time we saw an American team on the grid was in the 1970s when teams like Penkse, Parnelli and Shadow competed. The USF1 project never got off the ground, but good news arrived when NASCAR team owner Gene Haas was granted a license from the FIA to start a new F1 entry.

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Gene Haas, co-owner of former NASCAR champion team Stewart-Haas Racing, has officially received a Formula One team license by the FIA. The new squad could begin racing as soon as the 2015 F1 season.

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