Ford agrees sale of Formula One businesses; no terms
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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.
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Ford Motor Co  is not in  discussions with BMW or any other company regarding the sale of  its Swedish unit Volvo, the automaker said on Tuesday.
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The new formula one team rose from the ashes of Jaguar Racing when the energy drink maker announced yesterday its long-awaited takeover of the British team, which was put up for sale by Ford two months ago.
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Formula One bosses agree a cost-cutting deal which could save the British Grand Prix.
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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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Ford Motor Co.  is in exclusive talks with Prodrive, a motor racing company, over the potential sale of the U.S. carmaker's Aston Martin luxury car unit, The Times said on Saturday.
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Ford said it was working with financial advisers to sort out the future of the two British brands.
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United Automobile Workers members at Chrysler approved a new agreement, clearing the way for talks to accelerate at Ford Motor.
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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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Jaguar will pull out of Formula One at  the end of 2004, with parent company Ford's engine maker  Cosworth also up for sale.
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BEIJING, Dec. 15 -- Formula One team BAR is for sale, but the only accepted buyers are a joint venture between engine partners Honda and current majority owners British American Tobacco.
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Austrian energy drink makers Red Bull said on Monday they had bought the Jaguar Formula 1 motor racing team from Ford who withdrew the team after this year&#39;s world championship.
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Jaguar and parent company Ford are pulling out of Formula One racing at the end of this season after just two top-three finishes since joining the circuit in 2000.
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Ford Motor Co.  has reached a deal  to sell its British race car unit Aston Martin to an investor  consortium led by racing team boss and chief executive of  Prodrive Ltd David Richards, an adviser on the deal, said on  Monday.
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Ford Motor Co.  on Wednesday said about 38,000 of its union workers have accepted its buyout offers, part of a broad restructuring effort at the second-largest U.S. automaker.
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Energy drink company Red Bull has bought the Jaguar Formula One team.
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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.