Hispania Racing has reportedly bought the former Formula 1 team of the Japanese carmaking giant Toyota, according to “reliable sources”, reports Germany’s Auto Motor HRT has reportedly purchased the assets of the defunt Toyota team und Sport.

We reported rumours of a possible technical alliance between HRT – which has struggled with an undeveloped Dallara-designed F110 chassis this season – and Toyota in September, and it now seems that these rumours have carried more than a little truth.

It was initially understood that the Murcia-based outfit has agreed to a deal to base its 2011 car on the unraced Toyota TF110 chassis, which had received positive reviews in its initial windtunnel tests before Toyota decided to pull the plug on continuing its F1 operation.

The German magazine claims that HRT has bought “the expertise, equipment and facilities” of the defunct Cologne-based squad.

This would also explain why Toyota Motorsport only made available its 2009 car for Pirelli’s tyre testing programme, rather than the TF110.

At the same time, HRT is also reported to have signed a deal for the supply of Williams’ hydraulics and transmission systems for use next season.

Should these rumours prove to be true, one can reasonably expect a considerably more competitive HRT squad next season.

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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.