Flash.(Briefs)(automobiles)

Hot rumor There is strong speculation in Europe Ford Motor Co. will rebrand its woeful Jaguar Rac-ing Formula One team "Ford Grand Prix,'' and has signed off on a budget substantially increased by savings from a withdrawal from the World Rally Championship. If Ford Grand Prix is created, the word is M Sport, the U.K. organization that builds and operates the Focus WRC rally cars, will likely continue without official works backing so Ford can keep a toe in the WRC water. O'Connell gets a Caddy General Motors' Cadillac CTS-V team will field a third car for round nine of ...