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Scuderia Ferrari announced Wednesday Sept. 3 that it has reached a technical collaboration agreement with new American F1 team, Haas F1 Team to supply it with Formula 1 power units.

The press release reads: “The multi-year agreement is for the supply of the entire power unit starting from 2016.”

“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”, said Scuderia Ferrari Team Principal Marco Mattiacci.
“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. 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.”