HRT is close to finalizing a technical deal that will help with development of its 2011 car, as team boss Colin Kolles dismissed suggestions his outfit was in financial difficulties.
Comments made by Bernie Ecclestone on Friday in Monaco hinted that HRT was facing issues about shoring up its future. However, Kolles insists that the only major problem his outfit is facing relates to its competitiveness, and he says he has no doubts that it will not only see out 2010 but that it will be in much better shape for 2011.
Furthermore, with the team designing its own car for 2011 after terminating its Dallara contract, Kolles has revealed that the team is now in the final stages of talks to sort out technical arrangements for the development of next year's chassis,which he says will include its own wind tunnel program.
"Obviously, we are not competitive enough, even as we expected as a new team, and we have to find solutions for the future," Kolles told AUTOSPORT. "But we are positive and Bernie is helping us secure a better future.
"This team will finish the season, and we are already looking at 2011. We hope to make an announcement next month, perhaps before the Canadian Grand Prix, about our plans going forward for building our own chassis."