Parts recycler buys HRT assets - report

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Parts recycler buys HRT assets - report
By: GMM
Feb 14, 2013, 6:20 AM

If anyone considered buying the former HRT team, they now are out of luck.

Feb.14 (GMM) Assets of the newly-defunct Formula One team HRT have been bought.

Spain's AS newspaper reports that Teo Martin, a well-known automotive component recycler, has bought most of the valuable parts left over in the wake of the Spanish team's demise.

The report said HRT's rented headquarters in Madrid are "already dismantled, deserted and silent".

Final goodbye at end of 2012 season
Final goodbye at end of 2012 season

Photo by: XPB Images

Teo Martin has apparently bought the 2011 and 2012 single seaters, a show car, a truck, tools, machinery, furniture and other assets.

"In short, everything that can be recycled and sold that was still in HRT's possession (has been sold)," read the AS newspaper report.

The sold assets did not include the 2012 engines, which have been returned to Cosworth, or the gearboxes, which were rented from Williams.

"The amount of the transaction is not known," added AS.

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About this article

Series Formula 1
Teams Williams
Author GMM
Article type Breaking news