Hispania 'surprised' as Toyota end link-up
Credit: PlanetF1.com (http://www.planetf1.com)
Japanese manufacturer Toyota's has cut their ties with Hispania after the F1 rookies failed to "meet their contractual payment obligations".
Spanish-based Hispania were set to link up with the manufacturer in 2011 which would've seen them use Toyota's chassis as well as their state-of-the-art facilities at their Cologne factory among other things.
However, the deal is now dead in the water with Toyota confirming it's about money.
A statement read: "Toyota Motorsport GmbH (TMG) confirms that all co-operation with Hispania Racing F1 Team (HRT) has been terminated and will not resume.
"TMG retains all intellectual property rights to its current F1 car and is completely free to pursue other projects and support new customers for its high-performance engineering services.
"TMG regrets that HRT has not met its contractual payment obligations and will pursue all available options to reach a satisfactory conclusion to this matter."
Hispania have responded to Toyota's announcement, saying it came as a "surprise".
"This matter will be the subject of further clarification," read a Hispania statement.
Credit: PlanetF1.com (http://www.planetf1.com)
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