Campos Meta 1 has been renamed "HRT F1" Team, Hispania Racing F1 Team following Jose Ramon Carabante's acquisition of Campos Meta 1 earlier in February.

The new team name and identity is strongly linked to its Spanish roots and the team base will be in Murcia, near Alicante, Spain.

The squad around Dr. Colin Kolles (pictured) continues its preparations at full speed to make its F1 debut at the first round of the 2010 season at the Bahrain Grand Prix on 14 March.

The team presentation will be held in Murcia (Spain) on Thursday March 4, 2010.

Spain's El Mundo newspaper claims that a German investment group - amid persistent rumours that it is Volkswagen - is involved with the new structure,

It is also believed that the Cosworth-powered car could be shaken down at the Imola circuit, which is situated not far from Dallara's Parma headquarters, prior to Bahrain.

New team boss Colin Kolles said it is a huge task to bring the team up to speed following the takeover.

The Romanian-German is quoted by PA Sport as saying Campos "had basically nothing, only chaos" when he arrived.

He said the headquarters had only a software department, three engineers and "one empty workshop with nothing inside".

"The real story is a crazy story," added Kolles.




Photo Credit : WRI2