Unpaid supplier claims HRT F1 team in liquidation
11 December, 2012
Formtech Composites, a carbon fibre manufacturer, said in a statement that the beleaguered Spanish team entered liquidation proceedings on November 12 – well before the 2012 season ended.
The supplier said HRT is now only willing to pay 30 per cent of its debt.
And “It has come to our knowledge that [HRT owes a substantial amount of money to other suppliers in the motor sports industry,” Formtech added.
Formtech also accused HRT of giving “misleading information” about its situation.
Subbed by AJN.