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F1: HRT might be in a 'major' financial trouble

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Khatir Soltani
From GMM

Hispania Racing Team is straining under "major financial problems", a source at the team has told a specialist website.

F1today.nl in Holland also claims the Spanish team's explanation about not being able to test the new F111 recently in Barcelona due to parts being held in customs was not true.

Photo: Hispania Racing Team


And suspension parts were not the only ones running late, as components as fundamental as "front and rear wings" were still in production, the report added.

"People with half a brain can understand what is going on. We engineers have gone unpaid for two months. Five engineers have quit already," the source revealed.

"That we could not test due to dampers being in customs is of course nonsense. Everything is transported by truck from Germany. And it was not just the suspension that was not there, it was a big list of missing parts," the source added.

HRT's business affairs boss Manfredi Ravetto denied all the claims.



Khatir Soltani
Khatir Soltani
Automotive expert
  • Over 8 years experience as a car reviewer
  • Over 50 test drives in the last year
  • Involved in discussions with virtually every auto manufacturer in Canada