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and Jaguar Racing bought by Red Bull
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The Red Bull - Jag thing i new about, but have you got any more info on the Cosworth issue??
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Here are a couple of links, James
Champ Car's owners buy Cosworth http://f1.racing-live.com/en/headlines/news/detail/041115131338.shtml]Kalkhoven and Forsythe buy Cosworth[/url] http://f1.racing-live.com/en/headlines/news/detail/041116004044.shtml]Cosworth press conference – Part I[/url] http://f1.racing-live.com/en/headlines/news/detail/041116004336.shtml]Cosworth press conference - Part II[/url] |
Thanks Steve, that event hadn't made the news here!
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Here is some information from Media.ford.com
FORD MOTOR COMPANY SECURES THE SALE OF ITS FORMULA ONE BUSINESSES, JAGUAR RACING AND COSWORTH LONDON, 15 November 2004 – Ford Motor Company is announcing today that it has secured the sale of Cosworth, its motorsport technology engineering company and supplier of Formula One engines, and Jaguar Racing Limited, its Formula One team. The terms of each sale were not disclosed. Cosworth's new owners are Kevin Kalkhoven and Gerald Forsythe, co-owners of the Champ Car World Series and heads of the PKV and Forsythe Championship Racing Champ Car teams respectively. Jaguar Racing has been purchased by Red Bull, the world leader in energy drinks. The company was a sponsor of Jaguar Racing in 2004, and has been extensively involved in Formula One and global motorsport for over a decade. The new Formula One team will continue to purchase engines from Cosworth, thereby helping to ensure a positive future for the Northampton-based, motor sport technology engineering company. "Having taken the tough decision to exit Formula One after over 35 years in the sport, our focus has been to secure the best future for our Formula One businesses and our employees," said Mark Fields, executive vice president, Ford of Europe and chairman and CEO, Premier Automotive Group. "We now will concentrate our efforts to improve the results of Jaguar Cars and the Premier Automotive Group," added Fields. The sale of these businesses is part of the improvement actions Ford Motor Company announced 17 September 2004 for its Jaguar Cars unit. These actions include Ford’s exit from Formula One and the sale of the Jaguar Racing and Cosworth businesses. Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures and distributes automobiles in 200 markets across six continents. With more than 326,000 employees worldwide, the company’s core and affiliated automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Motor Credit Company and Hertz. |
Having taken the tough decision to exit Formula One after over 35 years in the sport, our focus has been to secure the best future for our Formula One businesses and our employees," |
On one had I'm angry, and on the other I could care less. I think I'm more upset with Ford selling Cosworth, but maybe in the end, it will be a good thing for both Ford and Cosworth. It's not like they won't still be working with each other.
I guess I'll have to cheer for the Red Bull Team, and the Minardi Team next year in F1. I wish I could find some Minardi Apparel. :scratch: :jester: |
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Do you see what size it is? I can't seem to find it. :hmm: . . .all I need is a Ford, or a Cosworth patch to sew on . . . :jester: |
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Originally posted by jgsmuzzy@November 17, 2004, 8:59 AM It states large on the listing...... oh and.... Ford patch!!!! Thanks James! I need to check out ebay.com.uk more often for European Racing Apparel. :nice: |
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