Jaguar and Ford Pull Out of Formula One
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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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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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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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Michael Schumacher is to quit Formula One at the end of the season.
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DETROIT Refocusing on its core business, Ford Motor on Friday unveiled the beginning of a restructuring plan for its struggling Jaguar division, closing the unit&#39;s main plant and putting its Formula One racing business up for sale.
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MARK Webber&#39;s last race for Jaguar ended when he was knocked out of the Brazilian Grand Prix by his own teammmate yesterday. Webber was taken out by Jaguar No.
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US carmaker Ford has sold Formula One team Jaguar and engine supplier Cosworth, it announced Monday. Cosworth was bought by Champ Car co-owners Kevin Kalkhoven and Gerald Forsythe, while Milton Keynes-based
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Luxury carmaker Jaguar said today it is stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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Ford motors yesterday blamed Jaguar, the iconic British luxury car manufacturer, for the bulk of its huge losses in its upmarket car division, saying it was forced to axed 1,150 jobs in the UK to save the business from ruin.
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Austrian energy drink firm Red Bull said on Monday it had bought the Jaguar Formula One team from Ford. &quot;We are really looking forward to our first Formula One season with Jaguar
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Energy drink company Red Bull is set to take over the Jaguar Formula One team, a report says.
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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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JAGUAR will end production at its famous Coventry plant with the loss of 1,150 jobs, it was confirmed yesterday. Bosses blame huge losses at the firm - nearly Â£100million in just three months this year.
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The British Grand Prix at Silverstone seems certain to be reprieved after a deal between Formula One teams. Nine of the 10 teams agreed to cut testing by 50 per cent to bear the cost of two extra races at
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Former Jaguar test and reserve driver BjÃ¶rn Wirdheim&#39;s Formula One hopes were dealt a blow after Red Bull told him that he will not be working with them next year.
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The British Grand Prix has been dropped from the motor racing calendar for the first time in Formula One history in a row over the multi-million pound deal to promote the Silverstone race, the trackâs ownerâs said today.
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LONDON (CBS.MW) -- Ford Motor Co. (F) said it has agreed to sell its Formula One businesses for an undisclosed price, as part of its plans to boost its Jaguar Cars units.