Jaguar racing gets scratched
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Ford Motor Co. announced Friday plans to cut about 1,150 jobs in England to streamline its Jaguar unit, where weak sales have failed to offset spending on new products and other parts of the business.
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JAGUAR will end production at its famous Coventry plant with the loss of 1,150 jobs, it was confirmed yesterday. Bosses blame huge losses at the firm - nearly Â£100million in just three months this year.
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Formula one was thrown into crisis yesterday when the Jaguar team were put up for sale by their owner Ford along with Cosworth Racing, the Northampton-based specialist which also supplies engines to Jordan and Minardi.
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The Government have hit back at claims they should have done more to protect the British Grand Prix. The race was dropped from the provisional 2005 calendar after Silverstone&#39;s owners, the British Racing Drivers
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Jaguar did not have the financial clout to be major Formula One players and they should have quit last year, according to the sport&#39;s commercial supremo Bernie Ecclestone.
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Jeff Gordonâs team furiously tried to fix a poorly performing car before its driverâs lead in the Chase for the Nextel Cup points race over Jimmie Johnson disappeared Sunday in Atlanta.
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LONDON_Luxury carmaker Jaguar said Friday it was stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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Jaguar Cars said Friday it is cutting production at its three British plants because of poor sales of its luxury cars in the United States, the company's biggest market.
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Jaguar may have gone to a good home, but as yet the British Grand Prix does not have one. On a remarkably good day for Formula One teams in trouble, with the sale of Jaguar going through to
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Sweden&#39;s Bjorn Wirdheim, test and reserve driver at now-defunct Jaguar this year, has left the Red Bull Formula One team after being told he did not figure in their plans.
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Tony Purnell, the boss of Jaguar Racing says that there is &quot;masses of interest&quot; in the team, which the Ford Motor Company has decided to discontinue.
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Red Bull owner Dietrich Mateschitz still needs a bit of time to make a decision about his driver line-up for the upcoming season. The Austrian recently took over the Jaguar Formula One team.
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Qualifying for the Japanese Grand Prix scheduled for Saturday was postponed Friday because a typhoon was approaching the area. Race organizers and Formula One moved pre-qualifying and
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Austrian energy drink makers Red Bull said on Monday they had bought the Jaguar Formula 1 motor racing team from Ford who withdrew the team after this year&#39;s world championship.
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Jaguar workers have voted against strike action in protest at the axing of car production in Coventry. Although the switch from Browns Lane to production facilities at Castle Bromwich in Birmingham forces
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Jaguar is to halt production at one of its plant in Coventry, Warwickshire, with the loss of more than 1,000 jobs, because of weak demand for the luxury brand, US parent company Ford announced.
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The British GP was sensationally axed when Silverstone&#39;s owners failed to meet F1 supremo Bernie Ecclestone&#39;s asking price to stage the race, while its French counterpart has had its neck on the block for some time.