Kolles denies HRT funding rumors, opposed to KERS

(GMM) Colin Kolles on Thursday moved to dispel persistent rumors that HRT might not see the end of its debut season.

After struggling to survive in the winter before even turning a wheel, the new Spanish team is currently the least competitive of F1's new outfits including Lotus and Virgin.

HRT, standing for Hispania Racing Team but founded as Campos Meta 1, even changed ownership before the season opening Bahrain grand prix, and the Dallara-built F110 car is not heavily sponsored.

Asked in Barcelona to dispel rumors that the team could fold before this year's 19-race schedule is complete, team boss Kolles answered: "I don't anticipate that the season is not guaranteed.

"I don't know who has been saying that," he added.

When informed by Germany's Motorsport-Magazin.com that numerous sources are reporting the speculation, Kolles insisted: "I'm not aware of that."

Asked to confirm that HRT is planning to race in 2011, the Romanian-born German replied: "Of course."

Kolles said he is working "day and night" to secure more funding for the team, and baulked at reports that the return of KERS systems for 2011 is supported by established teams including McLaren, Ferrari, Renault and Williams.

He believes the energy recovery technology is "nonsense".

"I cannot say it more clearly. I believe there are more important things than KERS," Kolles said, insisting that use of the systems should not be compulsory.

"As a team we cannot be made to use KERS. And I think that if we do not use it, we are being more environmentally friendly," he added, referring to the waste produced by the batteries.