Ford confirms Jaguar sale to Red Bull
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Ford Motor Company confirmed on Monday that the Austrian energy drink company Red Bull have purchased their entire UK-based Formula One team, including their Milton Keynes Head Quarters and two wind tunnel facilities in Bicester and Bedford.
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US automaker Ford says it is pulling its Jaguar Formula One team out of the auto racing circuit at the end of this season. Jaguar&#39;s chairman said the company does not believe it makes business sense to continue operating in Formula One.
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Austrian drinks company Red Bull has confirmed that it is the new owner of the Jaguar Racing team, pre-empting a press conference called for this morning [Monday] in London.
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Embattled US automaker Ford Motor Co., which unveiled Friday sweeping job cuts and plant closures to stem losses, said it has no intention of selling its luxury brand Jaguar.
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As a result of the successful sale, the team will compete in the 2005 under Red Bull ownership with Cosworth engines in 2005. It was also announced that Tony Purnell has been confirmed as Team Principal of
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Ford predicted a bright future for the Jaguar Formula One team on Monday after completing the sale of the racing outfit to energy drinks company Red Bull.
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The decision to talk to interested buyers comes as Ford also is trying to sell its two other European luxury brands, Jaguar and Land Rover.
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Ford picked Indiaâs Tata Motors as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said.
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LONDON/GAYDON  - Ford Motor Co.  is selling British luxury car maker Aston Martin to a group fronted by former Benetton and BAR motor racing boss David Richards in a deal worth 479 million pounds ($925 million).
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Automaker Ford Motor  may sell Land  Rover, a maker of four-wheel-drive vehicles, along with Jaguar,  as part of a shake-up of its British brands, The Sunday Times  newspaper reported.
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In a bid to stop the bleeding in its European luxury brands, Ford Motor Co. announced a $450-million plan to close a Jaguar plant, eliminate hundreds of salaried and contractor positions and sell its Formula One team.
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FORD finally delivered some good news yesterday when it confirmed its commitment to world rallying for a further four years. While the 350 employees at the Jaguar Racing Formula One team, which
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Red Bull Racing will launch their 2005 Formula One car at the Jerez circuit in southern Spain on February 7. The Austrian energy drink brand bought the British-based Jaguar team from
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Ford admits its sale of Jaguar and Land Rover is being affected by the markets turmoil, but says the process is not slowing down.
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Austrian energy drink company Red Bull  is poised to take over the Jaguar Formula One team after weeks  of negotiations.
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Red Bull will not be rushed into any  decision about drivers after buying the Jaguar Formula One team  Monday, says team boss Tony Purnell.
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Drink company Red Bull steps in to buy Jaguar hours before its closure deadline.