Jaguar demise result of high costs-Ecclestone
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Jaguar did not have the financial clout to be major Formula One players and they should have quit last year, according to the sport&#39;s commercial supremo Bernie Ecclestone.
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Tony Purnell, the boss of Jaguar Racing says that there is &quot;masses of interest&quot; in the team, which the Ford Motor Company has decided to discontinue.
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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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Bernie Ecclestone&#39;s 30 years of iron rule over formula one appeared to be at an end last night after a high court judge ruled in favour of three banks who had challenged the billionaire&#39;s right to run the sport as a personal fiefdom.
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Bernie Ecclestone, the 73-year-old former used-car dealer who became a billionaire by managing Formula One motor racing, faces a revolt by business partners and team owners that may end his grip on the sport after 23 years.
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Jaguar hope their Formula One future will be resolved by the end of the week.
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Business leaders in the West Midlands are bracing themselves for the potentially disastrous impact of any decision to close the local Jaguar factory.
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Ford Motor Co., the world&#39;s second- biggest carmaker, plans to cut production of Jaguar cars by 15,000 units this year to trim losses at its European luxury-vehicle unit.
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Jaguar confirms it is pulling its team out of Formula One at the end of this season.
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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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The future of the Jaguar Formula One team is expected to be announced later this week when a decision is taken over offers made to buy the outfit.
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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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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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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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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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The Ford Motor Company&#39;s decision to quit Formula 1 and sell its F1-related operations is a setback for the whole sport. It paints F1 in a negative light: Formula 1, Richard Parry-Jones said, was too expensive and was too slow to change.
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Jaguar is to halt production at one of its plant in Coventry, central England, with the loss of more than 1,000 jobs, because of weak demand for the luxury brand, US parent company Ford announced.