Auto Motor und Sport reports that HRT has bought the assets of Toyota's shuttered Formula 1 team. The new Spanish team has struggled with its Dallara-built car and a lack of development in 2010. The magazine cites "reliable sources" as confirming that the Spanish squad has bought "the expertise, equipment and facilities" of Toyota's Cologne, Germany-based team.
It was initially believed that Hispania Racing, bought by Jose Ramon Carabante from Adrian Campos before the start of its debut season, had agreed a deal to base its 2011 car on the unraced Toyota TF110, which might explain why Toyota only made its 2009 car available to Pirelli for its tire testing program this fall.