Tag Archives: HRT

HRT not on FIA’s 2013 entry list

Formula One racing’s governing body, the FIA on Saturday has published the entry list for the 2013 FIA Formula One World Championship. It features 11 teams, with HRT missing from the line-up as they failed to fine a buyer before November 30, 2012 and also failed to pay the entry fee of $0.5m.

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HRT owners Thesan Capital made it public last month that they were looking for a buyer for the Spanish team, who joined the grid in 2010 along with Caterham and Marussia, and whose future now looks uncertain.

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The rest of the entry list is as expected. Several drivers who have been confirmed by their respective 2013 teams are absent, thought to be because their car numbers are yet to be finalised. Those drivers are Nico Hulkenberg and Esteban Gutierrez at Sauber, Jean-Eric Vergne and Daniel Ricciardo at Toro Rosso, Charles Pic at Caterham and Timo Glock at Marussia.

The FIA entry list in full:

1 Sebastian Vettel, Red Bull
2 Mark Webber, Red Bull

3 Fernando Alonso, Ferrari
4 Felipe Massa, Ferrari

5 Jenson Button, McLaren
6 Sergio Perez, McLaren

7 Kimi Raikkonen, Lotus
8 TBA, Lotus

9 Nico Rosberg, Mercedes
10 Lewis Hamilton, Mercedes

11 TBA, Sauber
12 TBA, Sauber

14 TBA, Force India
15 TBA, Force India

16 Pastor Maldonado, Williams

17 Valtteri Bottas, Williams

18 TBA, Toro Rosso
19 TBA, Toro Rosso

20 TBA, Caterham
21 TBA, Caterham

22 TBA, Marussia
23 TBA, Marussia

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HRT fails to find buyer before 2013 entry deadline

The HRT Formula 1 team looks set to officially close down after failing to find a buyer before the FIA’s payment deadline for 2013 entries on Friday.

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The squad was absent from the 22-car entry list published by the governing body on Saturday.

HRT had been put up for sale by owner Thesan Capital just before the United States Grand Prix.

Attempts were made to find a buyer before the entry deadline. AUTOSPORT understands that Chinese company Chery Automobile among those involved in talks to save HRT.

Sources indicate that the team is now working to pay its creditors and that the plan is for the team to shut down without unpaid debts.

Team representatives declined to comment on the current situation.

HRT was originally launched as Campos Meta by former F1 driver Adrian Campos when the FIA invited new entries for the 2010 season.

But its first reconstitution happened before it even made the grid, as former Jordan/Midland boss Colin Kolles was parachuted in to lead a last-minute rescue when the project hit funding problems.

Kolles saw the renamed Hispania team through to the middle of the 2011 season, when it was bought by Thesan.

It was relocated to a Madrid base in an attempt to revive the Spanish team image that Campos had originally planned, with Luis Perez-Sala installed as team boss.

Designing its own car for the first time after adapting a Dallara-produced chassis in its early years, HRT hinted at progress in 2012 as it briefly closed on Marussia.

But it drifted away at the tail of the field by the end of the year, with its funding problems clearly apparent as tales of parts shortages dominated what turned out to be its final races.

HRT had beaten Marussia to 11th spot in the constructors’ championship in its first two years, before falling to last in 2012.

It is the first F1 team to close down since Super Aguri’s mid-2008 exit.

Source: Autosport.com

Ma Qinghua to race for HRT in Chinese GP next season

Image credit: es.eurosport.yahoo.com

Ma Qinghua will “definitely” be on the grid in the HRT in next year’s Chinese Grand Prix at Shanghai according to his agent Jin Yong who said so on Thursday.

Ma QingHua, HRT’s current test and Friday free practice driver in 2012, told the Fujian newspaper Southeastern Express that reports the Spanish team is for sale do not worry him.

The 24-year-old has been rumoured to partner Pedro de la Rosa next season since his first free practice outing at Italy this year., but Spanish press reports say there is a risk HRT will wind up after the season if they don’t find potential investors.

Jin Yong, said: “No matter who the boss is, Ma will definitely compete in next year’s F1 race in Shanghai.”

Ma QingHua added: “No matter who will be the boss, the team is still there. So what I need to focus on now is to improve myself through training.”

HRT wants EUR 40m for dying F1 team

Thesan Capital are seeking € 40 million for the struggling backmarker HRT, according to the Spanish sports daily AS.

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Image Credit: sportinglife.com

The newspaper also revealed that talks with potential buyers from India and Abu Dhabi are underway.

“the time has come for the team to continue growing with new financial backing”.

Rumours suggest that the team were in the process of sacking more than 30 employees, and needed a buyer before the first days of December to survive.

HRT engineers are concerned that Pedro de la Rosa and Narain Karthikeyan are being put into races at the wheel of unsafe HRT cars.

Indeed, at the most recent grands prix in Abu Dhabi and India, Karthikeyan and de la Rosa respectively retired in spectacular style with fundamental technical failures.

Pedro De la Rosa crashed due to brake failure, while Mercedes’ Nico Rosberg was sent airborne when Karthikeyan slowed because his steering wheel “locked solid”.

“Narain told me that his steering broke,” said Rosberg, “and he needed to brake which I didn’t expect in a high speed corner.”

AS suggests that HRT has considered simply withdrawing from the 2012 championship, but is pushing ahead for now due to its commitment to the Concorde Agreement.

According to the report, HRT was hoping its association with Chinese reserve driver Ma Qinghua would bear fruit.

Chief executive Saul Ruiz de Marcos reportedly wrote a letter to China’s motor racing federation, saying Ma would make his F1 debut in 2013 if he could bring EUR 30 million in backing.

Source: Spanish Daily AS and F1zone.net

OFFICIAL: HRT set to be sold

The HRT F1 team could be sold to new owners before the end of this month, it has been announced.

The Madrid-based outfit was bought by Spanish venture capital firm Thesan Capital last summer. However, despite owning the squad for less than 16 months, a decision has already been taken to sell it on, with a statement confirming that intent put out today. OFFICIAL: HRT set to be sold

“The current owners of HRT Formula 1 Team, TC II S.a.rl., would like to confirm that they are currently in talks with a number of groups interested in buying the team,” the team said on its official website.

“HRT Formula 1 Team’s current management hopes to conclude the sale in the upcoming weeks and, with it, enable the team to continue progressing and become a reference in modern-day Formula 1 after the important achievements already accomplished in this 2012 season.

“HRT Formula 1 Team hopes to communicate the name of its new owner in the upcoming weeks.

“We believe the moment to let new investors come through for HRT Formula 1 Team has arrived,” added HRT Formula 1 Team management.

“We’re very proud of the work done by the entire team this year and of the excellent sporting evolution achieved but the time has come for the team to continue growing with new financial backing. We’re convinced that the sporting potential of the team is huge and that the presence of new investors can give it a big boost”.

 

Source: Crash.net

Q&A with Bernie ecclestone

GREATER NOIDA: Bernie Ecclestone turned 82 on Saturday but the charismatic billionaire boss of Formula One Management (FOM) shows no signs of slowing down. The man’s sense of humour, for one, certainly hasn’t taken a beating. Just before sitting down for a chat, he issuing a warning to keep the hands off the fruit on the table: it’s recession after all! Ecclestone admitted that he is in love with India, likening it to a “girl you fall in love with but don’t know why”. Excerpts… 

As compared to 2011, the ticket sales for this year’s race have been fairly slow. Are you concerned by the drop in interest this time around?

This happens everywhere around the world. In the first year a lot of people are interested and intrigued, in the second year there is a dip and then it picks up again. When you talk about some of the other circuits, England for example, Silverstone has massive crowds of 1,20,000 because British GP has been going on for 100 years. Crowds build up at a circuit when it hosts more and more races.

Are you looking at another Grand Prix in this country? What future do you see for Indian GP beyond the first five years of the contract?

India doesn’t require another GP at the moment. Let’s get this established first. We’re definitely willing to extend the contract beyond five years. However, in saying that, if we haven’t seen the kind of crowds we want by the fourth year, then we have to have a good look at it. It is a very expensive sport.

You have been to India many times before and this is one of the rare races which sees your presence throughout the weekend. What is it that you like about India?

I like it here in India, I am happy here. I don’t exactly know what I like about India. I guess it’s like a girl you fall in love with but you don’t know why.

Do you still think Narain Karthikeyan should be behind the wheel of a Sahara Force India car? 

It would be better to have a driver from the home country in a race. I think Narain should be driving a Force India but you have to talk to Vijay and see what he says. I believe if we saw Michael (Schumacher) in a Red Bull, he would have been a different Michael.

Korean GP organizers renegotiated their deal with the FOM. Do you see a similar thing happening in India with the hosting fees, keeping in mind the current economic climate?

We took the TV rights from Korean GP organizers this year, which they could not sell. For the Indian GP organizers, the hosting fees will only increase a little bit every year.

You turn 82 today. What are your plans on your birthday?

I plan to ignore my birthday. It happens every year but as you get older you want to forget it as soon as possible!

Most of the motorsports and domestic racing in India takes place down south. Do you see any of those place becoming the next F1 destination?

We had, in fact, considered Bangalore the first time before settling for Delhi. Let’s get this getting working properly first and then we’ll have a look.

Asia is currently at par with Europe when it comes to number of F1 races in the world. Was it a conscious effort to look at Asia as an F1 destination?

I was the one who decided to move to this part of the world a long time ago, and China specifically. It is a lovely place to visit. There is a crazy system in Europe, which is slowly but surely destroying Europe. My point was to head East.

Do you think that Ferrari is making a political statement here in India by supporting their naval officers?

The Italian Navy have been supporters of Ferrari for a long time. I don’t think their intention is to cause trouble. I don’t think it will tarnish the image of F1. It is about supporting someone who has supported you in the past.

Some of the independent teams are not happy with the engine regulations that will kick in from 2014. Are you looking at a budget cap for all teams from possibly 2014?

We are definitely looking at a budget cap. We are trying to work out a regulation to work to ensure cars can’t spend more than a certain amount. The cap will include everything, even driver retainers. But at the moment it’s my idea. Only about 50% of the people support me on this. Teams with smaller budgets will like to see those regulations.

Source: Times of India

Prodrive interested in buying Cosworth

Prodrive boss David Richards has admitted an interest in buying Formula One engine manufacturer Cosworth which was put up for sale last week. https://i1.wp.com/www.yallaf1.com/wp-content/uploads/2011/02/cosworth9.jpg

The British company, which also manufactures parts for the aerospace, defense and automotive industries, currently supplies Marussia and HRT with V8 engines.

Richards admits he has taken a look at Cosworth, but doubts the value of the company considering it’s likely to quit F1 when the new 2014 engines are introduced.

“We’ve just started to take a look at Cosworth although I think they have rather over-priced themselves as I understand they don’t own the brand and they will be out of the F1 business within 12 months,” he told the Daily Mail, adding: “Nonetheless, they’re worth a look.”

Richards attempted to start his own team in 2010 which would likely have come under the Aston Martin moniker, of which he is the chairman, but failed in his endeavours.

 

Source: The F1 Times