Ferrari to power new Haas Formula One team


(Reuters) - The U.S.-based Haas F1 team that plans to make its Formula One debut in 2016 will use Ferrari power units and gearboxes in a technical partnership announced by both sides on Wednesday.

Haas F1, being set up by NASCAR team owner Gene Haas, had established ties with Ferrari already and announced in July that it was sponsoring the sport's most glamorous and successful team until the end of the 2015 season.

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