NASCAR team co-owner Gene Haas has revealed that he is evaluating the possibility of launching a bid to enter F1.

Haas, co-owner of the Stewart-Haas Racing team, is reported to be working with former Jaguar technical director Gunther Steiner on the project, with the American outfit having lodged an application with the FIA after it invited teams to express an interest in joining the grid in 2015.

"We have responded to the FIA's 'call for expression of interest' regarding a Formula One entry on behalf of Haas Racing Development," Haas said in a statement. "We respect the FIA's evaluation process and will share more details in the coming weeks."

The governing body invited teams to lodge an expression of interest to join the grid last month, with a decision due to be taken on who has been granted an entry - if anyone - by the end of February.

Should Haas secure an entry, it would raise the possibility of an American team finally earning a place in F1 after the much-discussed demise of USF1 without ever turning a wheel.

Ex-F1 team boss Colin Kolles and Stefan GP - who have previously failed to secure an entry - are also believed to have lodged applications with the FIA.

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