September 3rd, 2014 (F1Plus / Rosie Baillie) - Ferrari have announced that they will supply the Haas F1 Team with engines when it joins the sport in 2016.
A statement from Ferrari on the eve of their home grand prix confirmed that they have signed a multi-year agreement for the supply of power units to Haas F1 Team.
“Scuderia Ferrari announces that it has reached a technical collaboration agreement with Haas F1 Team to supply it with Formula 1 engines. The multi-year agreement is for the supply of the entire power unit starting from 2016,” a statement from Ferrari reads.
Earlier this year Ferrari announced a commercial deal with Haas. Ferrari team principal Matteo Mattiaci said this was the next natural step for their relationship.
“We’re delighted to announce this important strategic partnership with Haas F1 Team and to welcome an American player as a new entrant in Formula 1,” Ferrari team principal Matteo Mattiaci said.
“A few months ago we joined forces with Gene Haas on a commercial level and this is the natural next step of our growing relationship,” Mattiaci said.
“While our objective is to reinforce our power unit development programme for all our customer teams , we believe this new partnership has the potential to evolve beyond the traditional role of supplying our power unit and all related technical services.
“United States continues to be one of the most important markets for Ferrari and it offers many interesting opportunities. We look forward to supporting Haas F1 Team in its efforts to become a competitive player on the Formula 1 grid.”
Haas F1 Team owner, Gene Haas, told the Official Formula One website that he believed Ferrari’s power units would provide his team with the best opportunities for success.
“There is no team in Formula One more accomplished than Scuderia Ferrari, and no team with more history. They've been a part of Formula One from the beginning,” Haas said.
"Aligning with such a tenured and successful company provides our team with the greatest opportunity for success in 2016 and beyond."
Ferrari's currently supply engines to two other F1 teams, Sauber and Marussia.