| NEWS | |||
| DRIVERS STANDING |
Ford Deny Jaguar Sale 8-23-2002 Since Eddie Jordan announced the curious coup of landing works Ford support for the next three years, the future of Jaguar Racing has been Formula One's biggest question-mark. Jaguar boss Niki Lauda, F1 supremo Bernie Ecclestone, and energy-drink magnate Dieter Mateschitz were seen emerging from several private meetings in the Hungaroring paddock on the weekend, sparking speculation of a possible Red Bull buyout of the Milton-Keynes outfit. Ford's new long-term foray with Jordan Grand Prix, in which the US giant will plaster its famous Blue Oval logo on the EJ13, is significant for several reasons. Firstly, it hints that Ford are not content to wager all their pennies on their own Grand Prix team. Secondly - and more importantly - it raises the concern that the Jaguar Racing project has simply failed, and is set for winding-up. Three years into the Leaping Cat's return to Formula One, the dismal R3 contender is a resident of the final rows on the Grand Prix grid. Additionally, a twelve-week analysis by Ford of Jaguar's future competitiveness is rapidly drawing to a close. And, as the rumour mill now suggests, the Ford Motor Company might be willing to sell a majority portion of the green team as Mateschitz looks for a way into Grand Prix racing for his Red Bull Team USA dream. |
|
|
| NEXT RACE |
|
||
| RESULTS | |||
| INTERACTIVE CIRCUIT |
|||
| 2003 CALENDAR | |||
| Forum | |||
| Contact us | |||
| We
have learned that Dieter Mateschitz is set for high-level talks with Ford
at their American base in Detroit next month, while whispers of a 70 percent,
$85 million stake are being touted. Mateschitz is eager to extend his Red Bull Search for an American F1 driver to a Grand Prix project, providing a way into Formula One for the substantially untapped United States market. The Red Bull chief recently made a bid for the ailing Arrows Grand Prix outfit, but negotiations fell away when Morgan Grenfell's injunction against the sale of the team soured his patience. In spite of the strengthening reports that Red Bull are set for a Jaguar takeover, Ford's vice president Richard Parry-Jones insists that the Milton-Keynes team is not for sale. 'The Ford Motor Company management is not in negotiations and is not planning on the sale of Jaguar Racing,' Parry-Jones was quoted as saying to Reuters. Additionally, Jaguar Racing board member - and former world champion - Jackie Stewart is adamant that the future of the Leaping Cat is secure: 'That is absolutely wrong, there is no truth in those rumours at all,' the Scot told Radio Five Live. 'Be sure everyone knows which direction they are traveling. I do not think there is a big issue there.' Interestingly, however, Ford issued a statement earlier this month vehemently denying that works engine support was being considered for Jordan Grand Prix. A matter of days later, Jordan are the newest focus of the Ford Motor Company. |
More
News
|
||
| Niki
Lauda Fired 11-26-2002 |
|||
| 11-01-2002 JAGUAR RACING ANNOUNCES 2003 DRIVER LINE-UP |
|||
| Ford Motor Company Re-affirms Formula One Strategy Read all about it | |||
| Ford Deny Jaguar Sale | |||
| Jaguar kicks off 2002 | |||
| JaguarRacing and EDS | |||
| Jaguar and its target | |||
| Jaguar Racing launch | |||
| JaguarRacing SteveNicholas Part | |||
| Rosa Looks back on Malaysia | |||
| Jaguar Scores in Melbourne | |||
| Jaguar Aerodynamic Goals | |||
| Two new aerodynamicists | |||
|
©Copyright
1997 - 2002 formula1racing.com All rights reserved
|
|||
