ANALYSIS-Jaguar exit throws F1 deeper into turmoil
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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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F1 supremo Bernie Ecclestone says Jaguar&#39;s departure proves that cutting the cost of racing is a top priority. Ecclestone believes Jaguar did not have enough money to be competitive and they should have quit last year.
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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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Production of Jaguar cars is to end at one of its main UK factories, with the loss of 1,150 jobs. About 750 white collar workers and 400 production staff will lose their jobs at the Browns Lane site in Coventry
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Former world champion Jacques Villeneuve is on the verge of a shock return to Formula One with Renault. The Canadian has been out of Formula One since leaving BAR one race before the end of last season but
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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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News reports from Britain say the British Grand Prix race will be dropped from next year&#39;s Formula One calendar, because of a financial dispute between race organizers and Formula One chief Bernie Eccelstone.
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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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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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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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LONDON - The British Grand Prix is set to be axed for the first time in Formula One history. &quot;At the moment it would seem that the calendar is not going to include the British Grand Prix for 2005,&quot; former
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Michael Schumacher is to quit Formula One at the end of the season.
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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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By Christopher Hope Business Correspondent (Filed: 28/08/2004). A question mark is hanging over the future of Jaguar&#39;s three British plants, which employ 7,500 staff, after its owner Ford said it was cutting
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ANTHONY DAVIDSON could be robbed of his chance to race in Formula One after becoming the victim of the long-running row between two of the sportâs most powerful teams.
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Red Bull have this morning been confirmed as the new owners of Jaguar Racing after Ford completed their withdrawal from Formula One.
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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.