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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Formula One, already struggling to shape  its future and put on a show, is staring into the abyss after  Ford's decision to pull out and sell its Jaguar team.
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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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Motorsport.com. Ford has announced that Jaguar will be withdrawn from Formula One at the end of the 2004 season and the F1 business will be put up for sale.
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FORD, the American car giant, confirmed yesterday that it is to stop producing Jaguar cars at its Brownâs Lane plant in Coventry, with the loss of 1,150 jobs.
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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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MG Rover, Britain&#39;s last large car maker, is on the brink of a merger with a Chinese motor company. Reports have said the Shanghai Automotive Industry Corporation will get 70 per cent control of Rover in exchange for investing more than Â£1 billion.
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Car production is to end at Jaguarâs historic Browns Lane factory in Coventry but some work will continue there, parent firm Ford has confirmed.
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Moves are afoot to break Formula One supremo Bernie Ecclestone&#39;s hold on the sport&#39;s commercial rights with four major manufacturers appointing a marketing company to determine the feasibility of a rival series.
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Qualifying for the Pepsi 400 was washed out Friday, leaving several teams out of the seasonâs second race at NASCARâs most storied track.
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FORD sold its Jaguar Formula One team on the cheap to ensure that they were guaranteed survival and a multimillion-pound budget that will allow them to flourish.
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There will be at least 20 cars on the Formula One grid to start the season in 2005. Energy drink maker Red Bull has completed the purchase of the Jaguar Racing team from automaker Ford.
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If India's Tata Group drives off with US auto giant Ford's iconic British brands Jaguar and Land Rover, it would be another feather in its cap after buying European steelmaker Corus earlier this year.
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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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Ford said on Friday its Jaguar Formula  One team would pull out of the sport at the end of the 2004  season.
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Workers arriving at luxury carmaker Jaguarâs factory in Coventry, England this morning were preparing themselves for the site to close.
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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