Jaguar exit puts other teams on the brink
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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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This is how the new Red Bull Racing cars will look when they start testing later this month. The Austrian energy drinks company completed their takeover of Jaguar on Monday and have wasted no time in stamping their identity on the team.
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Jaguar will pull out of Formula One at the end of 2004, with parent company Ford&#39;s engine maker Cosworth also up for sale. Ford&#39;s bombshell announcement on Friday has huge
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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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Four firms remain in the race to buy Ford's  European luxury brands Jaguar and Land Rover after India's Mahindra & Mahindra  and vulture fund Cerberus pulled out, people familiar with the matter said on Monday.
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Jaguar will pull out of Formula One at  the end of 2004, with parent company Ford's engine maker  Cosworth also up for sale.
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London: Drinks firm Red Bull has bought the Jaguar team on Formula Oneâs deadline day, ending months of uncertainty triggered by Fordâs withdrawal from the sport.
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Austrian energy drink firm Red Bull has  taken over the Jaguar Formula One team from Ford, Red Bull's  owner told a newspaper Sunday.
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The news that Jaguar is to end vehicle assembly at Browns Lane and invite several hundred employees to apply for what parent company Ford likes to call &quot;voluntary separation&quot; prompted the great and good to shrug their shoulders and remark, rather lamely
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The British Grand Prix at Silverstone seems certain to be reprieved after a deal between Formula One teams. Nine of the 10 teams agreed to cut testing by 50 per cent to bear the cost of two extra races at
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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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Ecclestone believes the unwelcome departure of Jaguar could open the door to a third car from the top teams. &quot;Although we didn&#39;t want to lose Jaguar, it could have a positive aspect.
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Business leaders in the West Midlands are bracing themselves for the potentially disastrous impact of any decision to close the local Jaguar factory.
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The Silverstone-based team were left without an engine supplier when Ford put Cosworth up for sale earlier this year and needed frantic discussions in Brazil, at the final grand prix of the season, to secure their future.
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Just weeks ago, British driver Jenson Button announced that he would leave BAR.Honda team in 2005 for BMW Williams. Both teams went to court, but Button did not get his way.
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Business & money: Ford's decision to consider the possible sale of its Jaguar and Land Rover brands has alarmed unions and politicians who fear that UK jobs are at risk.
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The future of the Jaguar Formula One team is expected to be announced later this week when a decision is taken over offers made to buy the outfit.