On 19 February, 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.