Gene Haas, co owner of Stewart -Haas Racing in NASCAR's Sprint Cup is planning to put together a team to join Formula One grid in 2015 according to Autosport and Jalopnik.
The both outlets report that former Red Bull and Jaguar technical director Gunther Steiner will be part of the project and that the organisation has submitted a formal application to the sport's governing body.
The championship winning team recently expanded their facilities in Charlotte, North Carolina but it is thought that they could use facilities in Belgium were they to be successful applicants. Haas is also the owner of the Windshear windtunnel in North Carolina which could prove to be a vital asset.
It is expected that Haas would work with Dallara on their first F1 car with Ferrari supplying engines and gearboxes.
Dallara has extensive experience in single seater racing, producing cars for GP2, GP3, IndyCar, Indy Lights and Formula 3. They were last seen in Formula One in 2010 when the ill-fated Hispania Racing Team ran Dallara designed cars in what was the Spanish team's first season.
It was HRT's demise that allowed the FIA to open up applications for a new team in Formula One. New teams are said to need to provide information on their relevant experience and capabilities,
including technical experience, racing experience, facilities, equipment
and engineering resources. This is aimed at preventing teams like USF1, and HRT, both successful applicants for 2010 who were ultimately troubled from the start, from being granted entry.