Jaguar to Pull Out of Formula One
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Ford said on Friday its Jaguar Formula  One team would pull out of the sport at the end of the 2004  season.
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British carmaker Jaguar will cut production by some 15,000 units over the rest of 2004 amid slack demand, a Jaguar spokesman said on Friday.
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Jaguar is to halt production at a plant in Coventry, with the loss of 1,150 jobs, because of poor demand for the luxury brand, US parent company Ford announced.
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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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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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Jaguar Cars said Friday it is cutting production at its three British plants because of poor sales of its luxury cars in the United States, the company&#39;s biggest market.
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Luxury carmaker Jaguar said Friday it was 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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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 provisional calendar of Formula One races for next year, media reports said yesterday.
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THE head of Jaguar&#39;s Formula One team said yesterday he was confident a buyer would be found by the end of the year. Jaguar owner Ford said last week it was ending its association with Formula One racing at the end of the season and selling the team.
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The US car giant Ford today announced the sale of its Jaguar formula one cars to Red Bull, the Austrian energy drink firm. Ford put the Jaguar team up for sale in September as it announced plans to reorganise
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Michael Schumacher announces he will quit Formula One at the end of the season.
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Ford sprang a surprise when it declared that Jaguar was moving out of Formula-1 and the team is up for sale or dismantling. That decision gave rise to the speculation that Ford might be considering moving out of World Rally Championship as well.
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US car giant Ford is expected to tell Jaguar workers that it will close the firm's historic Coventry factory.
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Austrian drinks company Red Bull has confirmed that it is the new owner of the Jaguar Racing team, pre-empting a press conference called for this morning [Monday] in London.
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SAO PAULO, Brazil : 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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Jaguar said yesterday it would cut production by about 15,000 cars, or 11%, for the rest of the year in response to weak sales in its key market of the US.