Haas and Magnussen will go their separate ways by the conclusion of 2024

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MoneyGram Haas F1 Team made a significant announcement on Thursday, revealing that Kevin Magnussen will not be part of their driver lineup for the upcoming 2025 Formula 1 season. This decision marks a pivotal moment for both Magnussen and the team, as it brings an end to the uncertainty that has surrounded the talented driver's future in the sport for quite some time.

The confirmation from the American F1 outfit not only clarifies the situation but also sets the stage for a new chapter in their journey. With Magnussen's departure, the spotlight now shifts to the incoming talent, Oliver Bearman, who has been chosen to fill the void left by the Danish driver. Bearman's appointment signifies a strategic move by Haas to strengthen their lineup and position themselves for success in the upcoming season.

Moreover, the departure of Nico Hulkenberg, who is set to join Audi-Sauber, adds another layer of intrigue to the F1 landscape. As teams make strategic decisions and reshuffle their rosters, fans and experts alike eagerly anticipate the unfolding of a new chapter in the world of Formula 1. The dynamics of the sport continue to evolve, with each announcement shaping the competitive landscape and setting the stage for an exciting and unpredictable season ahead.

According to Haas in a statement: “MoneyGram Haas F1 Team can confirm Kevin Magnussen will depart his race seat upon the conclusion of his current contract at the end of the 2024 FIA Formula 1 World Championship.

“MoneyGram Haas F1 Team looks forward to working with the Dane for the remainder of the 2024 season in his racing capacity and adding to his top 10 results from Australia and Austria earlier this year,” the statement was included.

Regarding the choice to release Magnussen, Haas Team Principal Ayao Komatsu gave his input: “I’d like to thank Kevin for everything he’s given us as a team – both on and off the track.

“He’s truly been a bedrock of our driver line-up over the years. Nobody’s driven more races for us and we’ve had some memorable highlights together – not least a remarkable fifth place finish at the Bahrain Grand Prix in 2022 when Kevin returned to start his second spell with the team.

“He wasn’t expecting to be driving a Formula 1 car that weekend, but he put in a remarkable performance that was a tremendous boost to the entire organization and once again showcased his own talents behind the wheel.”

“There’s plenty of racing to go this year so I’m looking forward to seeing what else we can achieve with Kevin as we push together in the championship,” Komatsu added. “Beyond that, and with Kevin’s special relationship with the team, I’m hoping we can find a way to keep working together in some capacity.

“We can hopefully define that in the near future, but his extensive experience in Formula 1 and knowledge of our working operations are undoubtedly of value in our on-going growth and development,” He said.

Magnussen, on the other hand, stated: “I’d like to extend my thanks to everyone at MoneyGram Haas F1 Team – I’m proud to have raced for such a great team of people these last few years.

“In particular I’d like to thank Gene Haas for his commitment to me, notably in bringing me back once again in 2022 when I thought, at that time at least, my time in Formula 1 had ended. I’ve enjoyed some great moments with this team – memories I’ll never forget.

“While I’m looking forward to the next chapter of my racing career, I remain fully focused on giving everything I’ve got for the rest of 2024 with MoneyGram Haas F1 Team,” Magnussen, who delivered Haas’ only pole position to date, concluded his time with the team on a high note.

As the team bids farewell to Magnussen, speculation arises about his replacement. Haas has been tight-lipped about the successor, fueling rumors that Esteban Ocon, the talented driver formerly from Alpine, could be the one to fill his shoes. Ocon's experience and speed on the track make him a strong contender for the seat, but only time will tell who will ultimately secure the coveted spot at Haas.