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.

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version