Hispania Racing has unveiled their 2011 spec F1 car which is called the F111, and which was developed by the team’s own group of engineers, which close supervision from 
Geoff Willis and Chief Designer Paul White.
The Hispania F111 2011 F1 car will most probably be seen on track during the Bahrain test session, and some of the mechanical details that have already been confirmed include the presence of an adjustable rear wing, although the car will not be equipped with KERS.
Sponsorship deals are also an ongoing process, as the only logo featured by the Hispania F111 2011 F1 car so far, belongs to Tata Motos. While speaking about the design livery of the Hispania F111 2011 F1 car, Danial Simon said "Playing with the
restrictions of what you can do to a complex F1 body is fun. There are
many don´ts, but I found a way to lay courageous racing essence on the
car."   
Hispania Racing press release :
Hispania Racing is shaping up the F111, the new Spanish Team´s car, which will be hitting the tracks of the 2011 F1 season.
Hispania
Racing is pleased to show the pictures of the new car developed by its
own group of engineers and designers under the technical leadership of
Geoff Willis and Chief Designer Paul White.
Jose Ramon Carabante,
Hispania Racing President, stated: “We feel really proud of the car our
drivers will run this forthcoming season. Despite a challenging first
year, we managed to finish on the eleventh position in the World
Constructors Championship. Now, we are very pleased to introduce the
first spec of the F111, which means a huge design-effort from our side.
This is only a first step as we are planning several updates during the
season.”
Colin Kolles, Team Principal of Hispania Racing, “The F111
represents a significant step forward for Hispania Racing. We have made a
big improvement for starting our second season in Formula 1 and what
you see in our new car confirms Hispania Racing´s commitment to F1.”
Colin Kolles also reveals that “the F111 will incorporate the adjustable
rear wing.”
Daniel Simon who was responsible for the livery of
the car, has perfectly expressed the combination of his personal ideas
and those of Hispania Racing.
Colin Kolles: “Daniel has created a
wonderfully confident look for our new car which really captures the
effort the whole team has put into developing the F111. The car design
and the graphic design perfectly complement one another and mark the
real beginnings of our ambitions.”
Daniel is today one of the
most imaginative and adventurous designers in both Hollywood and the
motor industry. Although he and his label Cosmic Motor live mostly in
the future, he also has a strong passion for motor racings bold iconic
liveries from the past, and he has drawn inspiration of them in creating
Hispania Racing´s new livery. “I miss fearless visual statements and
large beautiful numbers on today´s racing cars.”
That distinct
Cosmic Motors look brings together racing spirit and commercial reality,
blending the dual requirements in a seamless, but attractive manner,
which reflects the motivated vibe of the Hispania Racing team as it
enters its second Formula 1 season.
Working within the defined
Hispania Racing shape was enjoyable for Daniel, “Playing with the
restrictions of what you can do to a complex F1 body is fun. There are
many don´ts, but I found a way to lay courageous racing essence on the
car.”

Source: Hispania Racing