david Posted September 17, 2004 Share Posted September 17, 2004 LONDON ? Jaguar and parent company Ford are pulling out of Formula One racing at the end of this season after just two top-three finishes since joining the circuit in 2000. Ford's decision to sell Jaguar and its Cosworth engine subsidiary is a blow to F1. Two of the sport's small teams ? Jordan and Minardi ? use Ford-made Cosworth engines. "Jaguar's presence in Formula One has been a valuable marketing and brand awareness platform particularly outside our main markets of the U.S. and the U.K.," Joe Greenwell, Jaguar chairman said Friday. "However, it was our collective view that it is time for Jaguar cars to focus 100% on our core business." Jaguar, whose drivers are Australia's Mark Webber and Austria's Christian Klien, is seventh in the F1 championship with 10 points. Jaguar entered F1 four years ago after buying out the Stewart Ford team. The team has been unable to compete with the likes of Ferrari, McLaren, Williams, Renault and BAR-Honda. [Read More] Link to comment Share on other sites More sharing options...
GameOverRob Posted September 17, 2004 Share Posted September 17, 2004 Who cares about that they just closed a factory in coventry and 1,000 jobs were lost!!!! (The home of Jaguar is coventry btw) Link to comment Share on other sites More sharing options...
RadishTM Veteran Posted September 17, 2004 Veteran Share Posted September 17, 2004 :( Radish? Link to comment Share on other sites More sharing options...
Ben2004uk Posted September 17, 2004 Share Posted September 17, 2004 but the really good thing about all of this is that they have signed a 10 year deal with Arena Limited (Company behind the new Coventry City FC ground) worth ?7million. I know 7million of 10 years isnt a lot, but i'm sure it could have been used for a better purpose. However Coventry being what it is - they need the money more than Jaguar do..... Link to comment Share on other sites More sharing options...
baseballpro9 Posted September 17, 2004 Share Posted September 17, 2004 :D Link to comment Share on other sites More sharing options...
sesh Posted September 17, 2004 Share Posted September 17, 2004 thank god webber has a drive with williams next year. thats all i can say. Link to comment Share on other sites More sharing options...
Hypoxiaicon Posted September 17, 2004 Share Posted September 17, 2004 That sucks :( Link to comment Share on other sites More sharing options...
futb0l Posted September 18, 2004 Share Posted September 18, 2004 The Jaguar car failed so many times ... However, it's ashame to see them go, I like the way the cars look and thought that they will improve in a few more years... Link to comment Share on other sites More sharing options...
b0m8er Posted September 18, 2004 Share Posted September 18, 2004 I don't really care about Jabguar, as long as Ferrari and especially Schumacher ;) continue to win.... :D Link to comment Share on other sites More sharing options...
Makeshift Hammer Posted September 18, 2004 Share Posted September 18, 2004 The Jaguar car failed so many times ... However, it's ashame to see them go, I like the way the cars look and thought that they will improve in a few more years... Apparently a jaguar manager is trying to arrange a buyout so they can continue racing. Dunno how that will work (can they still use that jag name etc) but good luck to them nonetheless. Link to comment Share on other sites More sharing options...
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