News Details
Supplier hits out at HRT
One of the suppliers owed money by the HRT F1 team has hit out at the Spanish outfit over what it says are 'misleading information tactics' – and has confirmed that the team is now in liquidation.Formtech Composites - which provides carbon solutions to a number of teams including Lotus, McLaren and Force India – has revealed that it had agreed a payment plan with the team when owners Thesan Capital announced plans to sell the team, with the team paying 25 per cent of the total it had outstanding at that point.However, Formtech has now discovered that the team was placed into liquidation three days before that plan was agreed, on the same day news broke that the team was up for sale and...
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