Click to view our fantastic subscription offers

Instant access to the F1 paddock

You have 5 views remaining

You have read 10 stories this month. After 15, you will need to register or subscribe.

Register with us for free to view 30 stories a month.

Or subscribe to AUTOSPORT+ for unlimited news stories and access to our exclusive subscriber-only content.

Our commitment to quality journalism

We've introduced metered access to AUTOSPORT which will ensure that the majority of our visitors can continue to view the site for free. But we think that is worth a small investment from those who use it most, so that we can continue to send the leading experts in their field to motor racing paddocks all over the world to break the latest news and produce the most compelling interviews and race reports.

Every visitor gets 15 free page views per month. Once you reach the limit you can register to get 30 views or choose one of our value-for-money subscription packages to continue viewing and to get additional access to a range of features including:

  • Unlimited access to AUTOSPORT with news and views from the paddock
  • Enjoy AUTOSPORT+: subscriber-only analysis, comment and top-quality pictures
  • Get AUTOSPORT magazine in a digital format on your computer or iPad every week
  • Full access to FORIX - the world's best motorsport statistics website

We greatly appreciate your continued support to keep AUTOSPORT at the forefront of motorsport coverage, and we look forward to welcoming you as a new subscriber.


Glenn Freeman
AUTOSPORT.com Editor

autosport.com
Search:
Find out more about our subscriptions
  AUTOSPORT+ LOGIN AUTOSPORT Plus  
Username:
Password:
F1 NEWS 

HRT fails to find buyer before 2013 Formula 1 entry deadline

Narain Karthikeyan, HRT, Interlagos 2012The 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.

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 was 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.

Subs
  More news  
    advertisement
  RELATED LINKS
Read the AUTOSPORT Digital Edition
Visit the autosport.com shop
See highlights from 60 years of AUTOSPORT
  FOLLOW AUTOSPORT ON
FOLLOW AUTOSPORT ON TWITTER
Paddock insight from group F1 editor Jonathan Noble
Grand Prix news updates from F1 editor Edd Straw
Breaking news feed
Live commentary feed
  RELATED STORIES
Ecclestone says Scorpion deal too late
Scorpion Racing in HRT revival bid
Haymarket