May 18 (GMM) Colin Kolles has confirmed reports that Bernie Ecclestone is helping the struggling HRT team with its plans for the future.

F1 chief executive Ecclestone was quoted in Monaco as suggesting he is helping the new Spanish outfit to get out of financial trouble.

But subsequent reports have clarified that the 79-year-old's assistance may in fact be in the form of HRT's technical plans.

The team's contract with its car designer Dallara has lapsed, and boss Kolles has been working on securing a deal with a wind tunnel in view of designing an all-new car for 2011.

"Obviously we are still not competitive enough, even for our expectations as a new team, and we are seeking solutions for the future," the Romanian-born German is quoted by Spain's AS.

"We are optimistic and Bernie is helping us to ensure a better 2011," he added.

Kolles insists the speculation about HRT collapsing is wide of the mark, amid suggestions the team could run out of spare parts by June's race in Montreal.

"The team will complete the season and we are already planning for the next one," he said.

"We hope to make an announcement next month - certainly before the Canadian grand prix - about our plans to build our own chassis," said Kolles.

It is also reported that Geoff Willis, currently just a consultant to HRT, is set to stay with the team because of its ambitious technical plans for 2011.

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