German racing car company HWA has denied reports that it is likely to enter formula one in 2007.
The German news magazine Focus last week claimed that the company, which since 2000 has built Mercedes-Benz’s cars for the DTM series, could become involved in the current McLaren collaboration, or set up a Mercedes-Benz ‘B’ team.
The British weekly Autocar added that the bid could be backed by mostly Dubai based businesses, some of which had intended to enter F1 with Prodrive in 2008. It was also suggested that the HWA rumor linked up with speculation that Mercedes could be looking to end its involvement with Ron Dennis’ Woking based team.
But HWA CEO Hans-Jurgen Mattheis scotched the reports. “There’s nothing to it,” he told sport1.de. “This is all pure speculation.”
Mattheis added that HWA has “currently no ambitions in that direction”.