Racing: Formula One in turmoil as Ford pulls out
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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.
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Racing supremo Bernie Ecclestone today described the withdrawal of Jaguar from Formula One as no surprise. The struggling team&#39;s future was in doubt after fears that it had struggled to find the money needed to compete in the cash-driven sport.
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The Silverstone-based team were left without an engine supplier when Ford put Cosworth up for sale earlier this year and needed frantic discussions in Brazil, at the final grand prix of the season, to secure their future.
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Bernie Ecclestone, holder of commercial rights to the Formula 1 championship, has axed Silverstone from the 19-strong provisional list of venues for the 2005 F1 season.
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Michael Schumacher, the most successful driver in Formula One history, announced his retirement on Sunday.
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Jenson Button must wait until next month before discovering which Formula One team he can race for next season. He wants to leave BAR for Williams but both teams claim to have a deal with the British driver
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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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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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Eddie Jordan says he is angry with Ford, not only because of their decision to withdraw from F1, but also the way they are behaving towards him.
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Formula One boss Bernie Ecclestoneâs control over the sport may be on the decline after a court ruled against him in a dispute with three banks.
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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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The British Grand Prix debacle, which we forecast yesterday, was inevitable, given the parties involved in the negotiations. The race will no doubt return one day to the Formula 1 calendar but that is not
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Eddie Jordan has lashed out at Ford&#39;s decision to pull the plug on their Formula One program, which has left his team fighting for its survival.
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Juan Pablo Montoya faces being hauled in front of the FIA to explain his conduct. Reports in Italy and France suggest that the sportâs governing body will summon the Williams driver after he failed to attend
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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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McLaren have escaped a disastrous end to their promising season but were dramatically thrown out of the constructors&#39; championship and given a hefty fine by the International Motoring Federation (FIA) over their role in the &#39;spygate&#39; affair.
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Seven-time world champion Michael Schumacher is to retire from Formula One at the end of the season.