HRT team principal Luis Perez Sala has admitted that the Spanish outfit is considering a change of name in the future.
While the team dropped the Hispania Racing Team title that it used when it first came into Formula 1 as part of its mid-2011 reconstitution, it has continued with the HRT chassis name.
But this could be dropped in the long-term as part of the team's ongoing changes.
"We are thinking about that," Perez Sala told AUTOSPORT. "But no decision has been taken about changing the name.
"Now, we are HRT. In the future we will see. There is no plan at the moment but it is true that we are thinking about it."
HRT moved its race operation into its new Madrid base in the gap between the Bahrain and Spanish grands prix.
Its aim now is to ensure continued reliability and, if possible, improve the car to the point where it can pressure the Marussias.
"Our objective this year is to try to be reliable and to develop the car with the resources that we have," said Sala.
"If we can close the gap a bit, we will be very happy but we at least do not want to go backwards. We have some updates, but we had a cooling problem and delayed a lot of them to sort those out. It seems those problems are solved now.
"Now we are planning some small updates, but the others are doing the same."
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