Jaguar gives up on Formula One
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London, England (Sports Network) - Jaguar Racing made the announcement on Friday that it would no longer be competing in the series at the end of the 2004 season.
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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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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&#39;s decision to pull out of Formula One racing has thrown the sport into chaos, it was reported Friday. The team, owned and run by Ford, has struggled since emerging from
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Hard-pressed luxury marque Jaguar says it will cut about 1,150 jobs at its main plant in Coventry in a bid to return to profits, in another blow to Britain&#39;s fading glory as a carmaking centre.
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Former world champion Jacques Villeneuve leaves BMW Sauber with immediate effect.
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Jaguar Cars said Friday it is cutting production at its three British plants because of poor sales of its luxury cars in the United States, the company's biggest market.
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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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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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Michael Schumacher is to quit Formula One at the end of the season.
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LONDON - The British Grand Prix was yesterday dropped from next year&#39;s calendar after the owners of the Silverstone circuit failed to meet the asking price of Formula One rights&#39; owner Bernie Ecclestone.
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The British Grand Prix has been dropped from the provisional calendar of Formula One races for next year, media reports said yesterday.
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Jaguar is to halt production at a plant in Coventry, with the loss of 1,150 jobs, because of poor demand for the luxury brand, US parent company Ford announced.
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The US car giant Ford today announced the sale of its Jaguar formula one cars to Red Bull, the Austrian energy drink firm. Ford put the Jaguar team up for sale in September as it announced plans to reorganise
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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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Michael Schumacher announced his retirement from Formula One on Sunday, moments after the seven-time world champion won the Italian Grand Prix.
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The British Grand Prix has been dropped from the provisional calendar of Formula One races for next year, media reports said Thursday.