In an intriguing statement issued on Monday evening, Toyota Motorsport announced that it has ended all cooperation with Hispania Racing.

The statement reads as follows:

"Toyota Motorsport GmbH (TMG) confirms that all cooperation with Hispania Racing F1 Team (HRT) has been terminated and will not resume.

TMG retains all intellectual property rights to its current F1 car and is completely free to pursue other projects and support new customers for its high-performance engineering services.

TMG regrets that HRT has not met its contractual payment obligations and will pursue all available options to reach a satisfactory conclusion to this matter."

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Toyota ends cooperation with Hispania

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