HRT Formula 1 Team, formerly known as Campos Meta 1 and Hispania Racing, was a Spanish Formula One team founded by former driver Adrián Campos. It was sold to José Ramón Carabante before its debut in 2010, and then to investment group Thesan Capital in July 2011. It was the first Spanish team to race in Formula One; a previous effort known as "Bravo F1" failed to enter the sport in 1993.

In November 2012, HRT's owners announced that they were looking to sell the team. When they were unable to find a buyer before the deadline of 30 November, the team was subsequently omitted from the 2013 entry list.

The team began as a collaboration between Adrián Campos of Campos Racing and Enrique Rodríguez of Meta Image, under the name of Campos Meta. At the time, Campos Racing was running a team in the European F3 Open Championship and had formerly run the GP2 Series team subsequently known as Addax Team. Campos was running the Formula One operation in conjunction with Meta Image, a Madrid-based sports agency, who managed one of Campos' F3 Open drivers at the time, Bruno Méndez. Campos and Rodríguez began looking at the possibility of creating Spain's first Formula One team in February 2009. In March, the team gained shareholders such as Spanish businessman José Ramón Carabante and basketball players Pau Gasol and Jorge Garbajosa.

On 12 June, Campos Meta were named by the FIA as one of three new teams granted entry to the 2010 season, along with US F1 Team and Manor Grand Prix.

Campos confirmed that Bruno Senna, the nephew of former world champion Ayrton Senna, would be one of their racing drivers for 2010.

On 19 February 2010, it was announced that majority shareholder José Ramón Carabante had taken over full control of the team from Adrián Campos, who was also replaced as team principal by Colin Kolles. 

The team was renamed to Hispania Racing F1 Team (HRT) ahead of their first race, with the name taken from Grupo Hispania, one of Carabante's companies. The team's headquarters were moved from Meta Image's offices in Madrid to Grupo Hispania's offices in Murcia.

On 4 March, Karun Chandhok was confirmed as the team's second driver. The team launched their Cosworth-powered, Dallara-designed car later the same day; it was called the F110.

On 4 July 2011, it was announced that Thesan Capital, a Madrid-based investment company purchased a controlling stake in the team from owner Jose Ramon Carabante. 

Thesan Capital announced the team's operations would continue as they had before the purchase, and that they had no plans to change the team name or alter its operational structure. In a statement released to the media, Thesan Capital described their intentions as making the team "more Spanish" and settling the team within Spain.

In November 2012, the owners of HRT F1 announced that they were putting the team up for sale. The team needed to find a buyer by 30 November – the date by which entry fees for the 2013 were due to be paid – or else face closure and a departure from the sport. HRT failed to find a buyer in time, and the team was omitted from the 2013 entry list. They were later reported to be in liquidation. 

Despite bids to purchase and revive the team under a new name, their assets were ultimately sold to Teo Martín, owner of a firm specialising in recycling automotive parts. Martín intends to race the cars in the EuroBOSS Series.

f110

drivers:  Karun Chandhok    Christian Klien    Bruno Senna    Sakon Yamamoto

The Hispania F110, also known as the HRT F110, is a Formula One motor racing car designed and built by Dallara for Hispania Racing, for the 2010 season. It was driven by Karun Chandhok, Bruno Senna, Christian Klien and Sakon Yamamoto and was unveiled in Murcia, Spain, on 4 March 2010. It was the first car Hispania Racing entered in Formula One. With no pre-season testing, the F110 completed its first laps during the weekend of the Bahrain Grand Prix.

The car used a Cosworth engine throughout the course of the 2010 season, of which it competed in every race with two of the four drivers who raced it. The team scored no points with the car during the season and gained the highest result of fourteenth place. This was scored by both Chandhok and Senna and meant that the team were placed eleventh and second-last in the 2010 World Constructors' Championship standings. The car gained no title sponsor from the team, and the car was never developed. Hispania's successor for their 2011 season campaign, the F111, was largely based upon the F110.

f111

drivers:  Narain Karthikeyan     Daniel Ricciardo     Vitantonio Liuzzi

2011

The Hispania F111, also known as the HRT F111, is a Formula One racing car developed for Hispania Racing. The car competed in the 2011 Formula One season and was the first Formula One car designed by the team as HRT's entry into the 2010 season, the F110, was designed by Dallara. Throughout 2011, the F111 was driven by Narain Karthikeyan, Vitantonio Liuzzi and Daniel Ricciardo.

After struggling both on and off-track in 2010, speculation suggested that the team would not be racing in 2011. The car's development had a chequered history before it was even built, with an arrangement with the remains of Toyota Racing to give the team access to the abandoned TF110 project falling through before it could even be completed,^{[citation needed]} with Toyota citing the uncertain financial condition of the team as the leading cause in the failed joint venture.

Hispania finished 11th in the World Constructors' Championship, ahead of Virgin.

f112

drivers:     Narain Karthikeyan     Pedro de la Rosa

2012

The HRT F112 is the last Formula One racing car designed by HRT F1 Team for use in the 2012 Formula One season. The car was driven by Pedro de la Rosa and Narain Karthikeyan with Dani Clos and Ma Qinghua acting as test drivers.

The car was expected to be launched on 21 February, but was delayed until March when it failed two of its mandatory crash tests, and was unable to take a third test as passing one of the tests it failed was a pre-requisite of this third test. The car successfully completed its final crash test on 24 February.

The car was launched with a white, gold and red livery, their third livery change in as many years.

The car's pace steadily improved over the course of the season, however their main rivals Marussia and Caterham improved too, leaving it as the outright slowest car on the grid that season, only managing once to beat any of their rivals on outright pace.

After the summer break they suffered from increasing reliability issues due to the declining financial situation in the team which gave rise to rumours they were short of resources and were using components beyond their expected lifespan.