Jaguar Racing and ChevronTexaco announced today that they will end their long standing technical relationship at the end of the current year.
As a technical partner, and official fuel and lubricant supplier to the Jaguar Racing team, ChevronTexaco has enjoyed a five-year relationship that began in the formative days of Jaguar Racing's predecessor, Stewart-Ford Grand Prix, in late 1996.
Niki Lauda, Jaguar Racing Team Principal, commented: "As one of our team's original technical partners, ChevronTexaco has continually supported Stewart-Ford Grand Prix and latterly Jaguar Racing through both rewarding and difficult times. Their knowledge and expertise in fuel and lubricants has been invaluable and we feel privileged to have worked with them. On behalf of Jaguar Racing and Cosworth Racing, I would like to thank ChevronTexaco for their loyalty and support over the years."
Craig Duncan, Vice President of Europe, Middle East and Africa Region for ChevronTexaco Global Lubricants, said: "On behalf of everyone who has worked on the programme, I would like to extend ChevronTexaco's thanks to Jaguar Racing, Stewart Grand Prix, Ford and in particular Cosworth Racing, for what has proven to be a long and productive working relationship."
He continued: "However, in light of the recent ChevronTexaco merger and after much deliberation, we have decided to re-focus our sponsorship activities and look towards fresh challenges in motorsport and related marketing activities."
"We wish Jaguar Racing well in its future efforts and hope that it soon achieves the success it deserves."