The Haas Formula 1 team has become the first outfit to reveal its 2023 car livery with an all-new look for the VF-23.

The American-owned squad made full use of its decision not to develop its 2021 car and focus entirely on the 2022 regulations, rising to eighth in the constructors’ championship.

Having not registered a single point in 2021, Haas bounced back with a fifth place finish at the season opener in Bahrain, handing the team its first points finish in 28 races.

While its development path faded through the year, Haas still managed its best overall finish since 2018, edging out AlphaTauri by two points to secure P8.

The arrival of new title sponsor MoneyGram is a welcome boost to Haas, who is known to operate on one of the lowest budgets on the grid.

The team’s 2023 challenger features a revised colour scheme, with black and white sidepods and red covering both the front wing and rear wing.

“I obviously share everyone’s enthusiasm around the livery unveil, not least as it’s a checkpoint in the pre-season calendar which means we’re another step closer to doing the thing we actually want to be doing – and that’s go racing,” said Haas team boss Gunther Steiner.

“I like the livery, it’s undoubtedly a more elevated and modernized look which is fitting as we move into a new era alongside MoneyGram as our title partner. It’s an exciting time of year for Formula 1 and it’s great that we’re first out the gate to showcase our livery but our attention is firmly on getting the VF-23 on-track and preparing for the season ahead.

“We really have something to build on following last year’s performances. The whole organization has been working hard to reach this point and obviously in Kevin [Magnussen] and Nico [Hülkenberg] we have two proven points-scoring talents locked in behind the wheel. I can’t wait to get started.”

Ahead of its eighth season in F1 since joining the grid in 2016, Haas will have a new driver line-up, as well as a fresh livery, after deciding to favour experience over youth.

Nico Hulkenberg returns to a race seat full-time in place of ousted driver Mick Schumacher, while Kevin Magnussen – who was drafted in just weeks before the start of last season – will contest his sixth campaign for the American team.

The VF-23 will take to the track for the first time on February 11 in a shakedown at Silverstone, but it is unknown whether Magnussen or Hulkenberg will be at the wheel.

The pair will then drive the new car in anger at pre-season testing, which takes place at the Bahrain International Circuit from February 23-25.