Hispania Racing Team owner José Ramón Carabante has all but confirmed speculation that his struggling outfit is set to start a technical tie-in with Toyota from the 2011 season.

Team boss Colin Kolles had admitted at last weekend’s German Grand Prix that a Hispania Racing looks set to tie in with Toyotatechnical collaboration with the Japanese marque’s Cologne-based former F1 operation would be a “good option” for HRT.

Under the two-year agreement, HRT – whose technical partnership with this year’s chassis builder, Dallara, has been terminated – will use Toyota’s GQ and windtunnel, staff and the designs of its as-yet unraced TF110 car.

Carabante was at further pains to stress that this would not predicate a move from its Murcia headquarters, with the autonomous Spanish province also a principal sponsor of the outfit.

Spain’s EFE news agency is reporting assurances from Carabante that the team will remain in Spain – even with a Toyota tie-in – “because the project was born here”.

The deal, rumoured to be worth €15M, “will strengthen Hispania in the battle to be the best of the new teams, which is our first goal”, he added.

[Original image via Yalla F1]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.