Ford pulls out of F1

Author

admin

Browse pages
Current page

1

Current page

2

Current page

3

Current page

4

Current page

5

Current page

6

Current page

7

Current page

8

Current page

9

Current page

10

Current page

11

Current page

12

Current page

13

Current page

14

Current page

15

Current page

16

Current page

17

Current page

18

Current page

19

Current page

20

Current page

21

Current page

22

Current page

23

Current page

24

Current page

25

Current page

26

Current page

27

Current page

28

Current page

29

Current page

30

Current page

31

Current page

32

Current page

33

Current page

34

Current page

35

Current page

36

Current page

37

Current page

38

Current page

39

Current page

40

Current page

41

Current page

42

Current page

43

Current page

44

Current page

45

Current page

46

Current page

47

Current page

48

Current page

49

Current page

50

Current page

51

Current page

52

Current page

53

Current page

54

Current page

55

Current page

56

Current page

57

Current page

58

Current page

59

Current page

60

Current page

61

Current page

62

Current page

63

Current page

64

Current page

65

Current page

66

Current page

67

Current page

68

Current page

69

Current page

70

Current page

71

Current page

72

Current page

73

Current page

74

Current page

75

Current page

76

Current page

77

Current page

78

Current page

79

Current page

80

Current page

81

Current page

82

Current page

83

Current page

84

Current page

85

Current page

86

Current page

87

Current page

88

Current page

89

Current page

90

Current page

91

Current page

92

Current page

93

Current page

94

Current page

95

Current page

96

Current page

97

Current page

98

Current page

99

Current page

100

Current page

101

Current page

102

Current page

103

Current page

104

Current page

105

Current page

106

Current page

107

Current page

108

Current page

109

Current page

110

Current page

111

Current page

112

Current page

113

Current page

114

Current page

115

Current page

116

Current page

117

Current page

118

Current page

119

Current page

120

Current page

121

Current page

122

Current page

123

Current page

124

Current page

125

Current page

126

Current page

127

Current page

128

Current page

129

Current page

130

Current page

131

Current page

132

Current page

133

Current page

134

Current page

135

Current page

136

Current page

137

Current page

138

Current page

139

Current page

140

Current page

141

Current page

142

Current page

143

Current page

144

Current page

145

Current page

146

Current page

147

Current page

148

Current page

149

Current page

150

Current page

151

Current page

152

Current page

153

Current page

154

Current page

155

Current page

156

Current page

157

Current page

158

Current page

159

Current page

160

Current page

161

Current page

162

Current page

163

Current page

164

Current page

165

Current page

166

Current page

167

Current page

168

The sale of Jaguar Racing and Cosworth closes the book on Blue Oval’s GP glories

Ford management’s decision to pull the plug on its involvement with the beleaguered Jaguar Racing team at the end of the season — and its sale of Cosworth Racing — will mark the end of the Blue Oval’s involvement in Formula One. Its connection stretches back to 1967 and the iconic DFV that won 155 grands prix.

Ford vice-president Richard Parry-Jones said: “As we’ve spent so long in motorsport, our credentials are well established, so the value and fit of F1, given its current costs, means that we have not been able to construct a compelling business argument [to continue].”

This judgement, described by Sir Jackie Stewart at the Chinese Grand Prix as being “short sighted”, was announced as Ford strives to cut its losses across the board by $1 billion: it will save $50 million (£28m) per annum from not backing Jaguar Racing. This move, combined with the departure of sponsors HSBC, Becks and Red Bull at the end of 2004, has made the team’s future precarious unless a buyer is found.

The news comes only weeks after insiders leaked plans of the team’s rebranding under the Ford banner… only for Detroit’s senior staff to get cold feet.

Former Ford motorsport boss Stuart Turner mirrors the thoughts of several industry insiders, saying. “One of the faults that we have in this cloistered little world of ours is that it’s easy to get very blinkered about the sport. When you work in motor racing you’re sometimes guilty of not being aware of what is going on in the real world. The commercial realities for car manufacturers are simple: sell lots of cars and you might just make money. To believe in the saying ‘Win on Sunday, sell on Monday’ is naive.

“It amazes me that the different branches of motorsport are incapable of fixing dates for the following year let alone 2008: a professional brass band would know exactly where it’s booked to perform in three years’ time so why shouldn’t F1 be any different?

“That Ford has pulled out really isn’t that much of a surprise. It can’t hope to sustain programmes in so many branches of motorsport for long. It’s all down to how many actually see your product, or your name in action, and can tally the association: I mean, Manchester United could compete everywhere from the pub league upwards and people would still watch, but not in the same huge numbers as in the Premiership.”

Johnny Herbert, the last man to win for Ford, with Stewart in the 1999 Luxembourg GP, commented: “There’s no sadness because Jaguar has never shown its teeth — it’s just had its nails clipped. It wasn’t really doing Ford any good.”

Were a buyer to be found for the Jaguar squad, Cosworth’s fate would be uncertain. It’s understood that General Motors could be a potential suitor. It has a long-standing relationship with the Northants-based engine-builder and last year canned its own in-house IRL engine in favour of a Chevrolet-badged Cosworth unit.

If a purchaser isn’t found soon, Jordan and Minardi’s hopes of making the opening round of next year’s Formula One world championship could be seriously hindered.

Is it all going Oval-shaped?

Fact file

Ford/Cosworth GP stats

Wins 175

First GP win 1967 Dutch

Last GP win 1999 European

Poles 139

Constructors’ titles 10 (1968-74, ’78, ’80-81)

Drivers’ titles 13 (1968-74, ’76, ’78, ’80-82, ’94)

You may also like

Related products