Company in trouble as HRT stalls on payment

By on Wednesday, April 6, 2011

Apr.6 (GMM) A Spanish company is reportedly in financial trouble because it was not paid by the struggling F1 team Hispania.

The AS newspaper claims HRT breached a verbal agreement after ordering three new transporters from Cec-SA.

The report said the trucks are now sitting idle and waiting to be paid for and collected.

"For a family business like ours this is a heavy burden," said boss Victor Mendez, with the report saying Cec-SA spent EUR 300,000 building the trucks.

Mendez explained that it was departed HRT team founder Adrian Campos who commissioned the trucks.

"We had a first meeting with (new owner) Jose Ramon Carabante, who assured us he would fix everything.

"But from then we had meeting after meeting, the last a few weeks ago at the Montmelo test, and no solution is reached.

"We have nothing signed, but plenty of documentation that proves everything was commissioned by them (HRT)," he concluded.

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