Kevin Magnussen thinks the current crisis could actually provide opportunity for Haas rather than lead to the team leaving the sport.
Even before Formula 1 was put on hold due to the global pandemic, team owner Gene Haas was going to use the 2020 season to further assess whether it was worth continuing on with the project.
After starting on their Formula 1 journey with two P8 finishes in the Constructors’ Championships in 2016 and 2017, Haas jumped up to the lofty heights of P5 in 2018.
But, a backwards step was taken in 2019, with Haas only prevented from falling all the way down to the bottom of the pile by Williams, who had produced an even more uncompetitive car than their American counterparts.
While ex-drivers turned pundits, such as Ralf Schumacher, continue to add to the doom and gloom by saying the current lack of racing will be hurting the likes of Haas more than most, Magnussen thinks it could actually provide opportunity for the years to come if Formula 1 teams can continue to find areas to cut costs.
“I can understand Gene was frustrated by what happened last year, but I think it was a bump in the road,” Magnussen told Danish newspaper BT.
“Gene knows he has a really good, small team. And there are so many exciting things happening in Formula One right now that could be an advantage for us.”
“After the corona crisis, the budget cap seems to be reducing and that can make us more competitive.
“We are now talking about a ceiling that is actually close to our budget.
“That will mean that we can continue roughly unchanged, while many of the competitors ahead of us will be forced to cut back. Then it gets interesting for Gene.”