Jaguar to leave Formula One
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Ford today announced the end their Formula One programme with Jaguar. The F1 squad will not be re-branded as Ford as previously rumoured, but in fact is to be sold.
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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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DETROIT Refocusing on its core business, Ford Motor on Friday unveiled the beginning of a restructuring plan for its struggling Jaguar division, closing the unit&#39;s main plant and putting its Formula One racing business up for sale.
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Seven-time world champion Michael Schumacher will retire from Formula One at the end of the season.
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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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Energy drink company Red Bull is set to take over the Jaguar Formula One team, a report says.
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Production of Jaguar cars in Coventry is to end after more than half a century but will remain in Britain for the time being, the company said yesterday.
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Red Bull have this morning been confirmed as the new owners of Jaguar Racing after Ford completed their withdrawal from Formula One.
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Brackley, England - BAR team chief David Richards is leaving the Formula One team as part of a management shakeup of the English-based racing outfit.
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PARIS (SportsTicker) - Formula One was thrown into chaos on Friday with the news of Jaguar&#39;s decision to pull out of the sport.
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Michael Schumacher announces he will quit Formula One at the end of the season.
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Ford said on Friday its Jaguar Formula  One team would pull out of the sport at the end of the 2004  season and its Cosworth engine company was also up for sale.
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Luxury carmaker Jaguar said Friday it was stopping production at a factory in central England, resulting in a loss of 1,100 jobs, following poor sales in the key US market.
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Plans to stop production at a Jaguar car plant in the West Midlands are discussed by MPs.
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THE head of Jaguar&#39;s Formula One team said yesterday he was confident a buyer would be found by the end of the year. Jaguar owner Ford said last week it was ending its association with Formula One racing at the end of the season and selling the team.
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SAO PAULO, Brazil : 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.
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LONDON : Formula One was thrown into turmoil after US auto giant Ford announced that it was pulling out of the sport from the end of this season.