PULLING THE PLUG; Ford drops Jag F1 program.(Motorsports)
AutoWeek, September, 2004
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So much for a rebranded Jaguar Formula One team (AW, Sept. 20). While paddock insiders expected a name change, Ford Motor Co. quashed the speculation with its decision to pull the plug on its entire F1 operation. Ford plans to sell both the team and engine supplier, Cosworth Racing, at season's end.
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The news coincided with confirmation Ford will stop manufacturing in the historic Jaguar Cars factory in Browns Lane, Coventry (page 4). After analyzing Jag's position in both F1 and the global road-car market (it is widely accepted Jaguar Cars has not turned a profit since Ford took ...
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