Bloomberg News

Five HRT Formula One Racing Cars End Up in Spanish Junk Yard

February 15, 2013

Five Formula One racing cars belonging to the HRT team that went out of business after the season-ending event in Sao Paulo on Nov. 25 have ended up in a junk yard on the outskirts of Madrid.

The owner of Auto-Recycling Teo Martin, which dismantles cars and resells parts, said he’s preparing an inventory to see what he can sell after clearing out the team base. The HRT team didn’t score a championship point over three seasons.

“We’re not selling Scuderia Ferrari here so I’ve been surprised by the interest,” Teo Martin said by phone from San Martin de la Vega. He said he received about 50 e-mails expressing interest in parts since yesterday.

The assembled pieces of a top-end Formula One car might cost as much as $1 million, according to Tony Jardine, a former assistant manager of the McLaren team. Ferrari is the sport’s oldest and most successful team.

Martin said he paid a “symbolic” fee of significantly more than 50,000 euros ($67,000) to clear out the base. He had to return the engines and gearboxes to their makers so the cars aren’t ready to race.

One of the 50 e-mails the company has received is from Hinwil, Switzerland-based Sauber Formula One team, which is interested in a refuelling-rig part, Martin added.

To contact the reporters on this story: Alex Duff in Madrid at aduff4@bloomberg.net.

To contact the editor responsible for this story: Christopher Elser at at celser@bloomberg.net


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