The team, sponsored by Monster Energy, ran a 2011-spec Ford Fiesta RS WRC for Block and co-driver Alex Gelsomino at selected events in the World Rally Championship.
Block also claimed a third-place finish and a fourth at the 2014 World Rallycross Championship.
In 2016, Block competed full-time in the FIA World Rallycross Championship alongside Andreas Bakkerud.
On September 4, 2017, Ford Performance and Hoonigan Racing Division announced their withdrawal from the World Rallycross Championship after the 2017 season.
The company will use bankruptcy in efforts to improve financing and support long-term growth.