FIA F1 - HRT In Talks With Potential Buyers


PHOTO (select to view enlarged photo)

Austin, Nov. 15, 2012: HRT are likely to change hands in the next few weeks, according to owners Thesan Capital, who confirmed on Monday that they in talks with several parties interested in purchasing the Spanish team.

“HRT Formula 1 Team’s current management hopes to conclude the sale in the upcoming weeks and, with it, enable the team to continue progressing and become a reference in modern-day Formula 1 after the important achievements already accomplished in this 2012 season,” read a team statement.

HRT were one of three new teams to join the Formula One grid in 2010 and were taken over by investment firm Thesan last July. They moved into new headquarters in Madrid earlier this year and are currently 12th in the constructor standings, having finished 11th in their first two seasons.

"We believe the moment to let new investors come through for HRT Formula 1 Team has arrived,” added the team. “We’re very proud of the work done by the entire team and of the excellent sporting evolution achieved but the time has come for the team to continue growing with new financial backing.

“We’re convinced that the sporting potential of the team is huge and that the presence of new investors can give it a big boost.”

-->

On Sale Today



Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | Car Reviews Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/