Jaguar, Ford Pulling Out of Formula One
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Jaguar and parent company Ford are pulling out of Formula One racing at the end of this season after just two top-three finishes since joining the circuit in 2000.
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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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Production of Jaguar cars is to end at one of its main UK factories, with the loss of 1,150 jobs. About 750 white collar workers and 400 production staff will lose their jobs at the Browns Lane site in Coventry
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Briton Johnny Herbert has left the   Midland Formula One team after their takeover by Dutch   sportscar maker Spyker.
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Renault will not be the only Formula One team making a driver change for the inaugural Chinese Grand Prix. Jordan-Ford has terminated its contract with Italian Giorgio Pantano, meaning Timo Glock will contest
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Formula One, already struggling to shape its future and put on a show, is staring into the abyss after Ford&#39;s decision to pull out and sell its Jaguar team.
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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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The Ford Motor Company has confirmed that Red Bull is the new owner of Jaguar Racing and that Tony Purnell will stay on with the team to run operations.
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Jaguar hope their Formula One future will be resolved by the end of the week.
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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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Jaguar car production is to end at a 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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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 US market.
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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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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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With the withdrawal of Jaguar from F1 at the end of the season we could be facing a grid of 18 cars in 2005. Or it might be even less... Jaguar and the teamâs engine suppliers Cosworth are now for sale and
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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.