On February 19, it was announced that majority shareholder José Ramón Carabante had taken over full control of the team from Adrián Campos. Colin Kolles also replaced him as team principal. The team was re-named to Hispania Racing F1 Team (HRT), with the name taken from Grupo Hispania, one of Carabante's companies. The team's headquarters were moved to Grupo Hispania's offices in Murcia. On March 4, Karun Chandhok was confirmed as the team's second driver. The team launched their Cosworth-powered, Dallara-designed car on the same day; it was called the Hispania F110.