Red Bull enters F1 with Jaguar buyout
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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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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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Wirdheim was Jaguarâs reserve driver in 2004 but did not figure in new team owner Red Bullâs plans. The Swede has therefore been released from his contract a month ahead of schedule by âmutual agreementâ.
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The Ford Motor Company has confirmed that Red Bull is the new owner of Jaguar Racing and that Tony Purnell will stay on with the team to run operations.
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Red Bull Racing have asked international Formula 3000 champion Vitantonio Liuzzi to test for them later on this month. The soft drinks company, who bought Jaguar earlier this week, funded the Italian driver last season.
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PARIS (SportsTicker) - Formula One was thrown into chaos on Friday with the news of Jaguar&#39;s decision to pull out of the sport.
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Formula One team Jaguar will race next season after being taken over by beverage company Red Bull on Monday. Jaguar&#39;s parent company, Ford, said Sept.
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Drink company Red Bull steps in to buy Jaguar hours before its closure deadline.
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Motorsport.com. Ford has announced that Jaguar will be withdrawn from Formula One at the end of the 2004 season and the F1 business will be put up for sale.
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David Coulthard made a small piece of Formula One history when he signed to become Red Bull Racing&#39;s first race driver. The Scot yesterday concluded negotiations over a contract for 2005 by signing a one-year
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In a highly anticipated move, Red Bull Racing announced today that it has signed David Coulthard to a one-year contract. Coulthard, by no means a spring chicken as far as F1 goes, is lucky to have gotten this
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David Coulthard completed his first day&#39;s testing with the new Formula 1 Red Bull Racing team at Jerez on Wednesday as the Scot continues his search for a team for next year after his release by McLaren-Mercedes at the end of the 2004 season.
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British Formula One stable Jaguar this week became the crown jewel of the Red Bull empire, a rags to riches tale of an Austrian who created a pick-me-up drink nobody knew they needed and made it a global brand.
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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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âThe team is in negotiations with Michelin for next year,â confirmed Red Bull Racing team principal Tony Purnell. âThe 2005 (Jaguar) car was designed around Michelin tyres and we are hoping to continue that relationship.
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Red Bull will not be rushed into any  decision about drivers after buying the Jaguar Formula One team  Monday, says team boss Tony Purnell.
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Red Bull Racing confirmed today that as part of the continued winter test programme, David Coulthard will join the team in Jerez (Spain) this week driving the 2004 car, the R5.