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2013-02-14 11:43

DISMANTLED, DESERTED, SILENT: HRT's assets, bar its engines, are being sold off as the team exits Formula 1.

MADRID, Spain - Assets of the defunct Formula 1 team HRT have been bought by a well-known automotive component recycler.

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 were "already dismantled, deserted and silent".

SOLD FOR PARTS

Teo Martin apparently bought the 2011 and 2012 single-seaters, a show car, a truck, tools, machinery, furniture and other assets... "in short, everything that could be recycled and sold that was still in HRT's possession has been sold".

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 the report.


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