formula 1 racing

Ford 'won't return'
11-16-2004

(GMM -- Nov.16) There is 'no chance' that Dearborn-based car manufacturer Ford will return to Formula One in a few years' time.

That is the admittedly regrettable verdict of group vice president and Ford's chief technical officer Richard Parry-Jones.

''You can't say never,'' he said at a London news conference staged to reveal Formula One's new owner as the Red Bull energy drink company.

But he insisted that a huge amount of time, expense and 'careful' management went into devising Ford's F1 'exit' plan, which also included selling engine supplier Cosworth.

Parry-Jones insisted: ''You don't take (those) kinds of decisions lightly.''

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