Red Bull confirms Jaguar buy-out
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Austrian drinks company Red Bull has confirmed that it is the new owner of the Jaguar Racing team, pre-empting a press conference called for this morning [Monday] in London.
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Red Bull Racing have asked international Formula 3000 champion Vitantonio Liuzzi to test for them later on this month. The soft drinks company, who bought Jaguar earlier this week, funded the Italian driver last season.
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Tata Motors said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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Energy drink company Red Bull has bought the Jaguar Formula One team.
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Ford picked Indiaâs Tata Motors as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said.
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India's Tata Group is interested in acquiring Ford Motor Co's  Jaguar and Land Rover brands, the Indian conglomerate's chairman Ratan Tata said in remarks released on Friday.
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The chairman of Indian conglomerate Tata has confirmed that he is interested in making a bid for Jaguar and Land Rover.
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It came as a shock to most people in Formula-1 when Ford pulled Jaguar out of next season. They also put up the team for sale. And since then there have been doubts whether the team could make it to next year.
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US carmaker Ford has sold Formula One team Jaguar and engine supplier Cosworth, it announced Monday. Cosworth was bought by Champ Car co-owners Kevin Kalkhoven and Gerald Forsythe, while Milton Keynes-based
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Ford will inject Â£534m into Jaguar, after the UK car maker had to cover a writedown on its investments following a drop in production.
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Ford Motor Co . is set to choose a  frontrunner to buy European brands Jaguar and Land Rover around  the end of this week as it moves towards a sale early in 2008,  said a person close to the matter on Monday.
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The US car giant Ford today announced the sale of its Jaguar formula one cars to Red Bull, the Austrian energy drink firm. Ford put the Jaguar team up for sale in September as it announced plans to reorganise
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âThe team is in negotiations with Michelin for next year,â confirmed Red Bull Racing team principal Tony Purnell. âThe 2005 (Jaguar) car was designed around Michelin tyres and we are hoping to continue that relationship.
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Ford Motor Co . is set to choose a frontrunner to buy European brands Jaguar and Land Rover around the end of this week as it moves towards a sale early in 2008, said a person close to the matter on Monday.
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Ford confirmed on Monday that Red Bull had bought their Formula One team and that their engine manufacturer Cosworth had been sold to the owners of the Champ Car series.
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Austrian energy drink company Red Bull  is poised to take over the Jaguar Formula One team after weeks  of negotiations.
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The American dream of Red Bull boss Dietrich Mateschitz has been given wings by his purchase of Jaguar on Monday. The Austrian billionaire has been involved in Formula