Jordan saddened by Jaguar news

Ford Motor Company announced today that the Jaguar and Ford brands will be withdrawn from F1 at the end of 2004 and the Ford F1 businesses will be put up for sale. The move is part of a broad restructure of Jaguar Cars which also sees hundreds of...

Ford Motor Company announced today that the Jaguar and Ford brands will be withdrawn from F1 at the end of 2004 and the Ford F1 businesses will be put up for sale. The move is part of a broad restructure of Jaguar Cars which also sees hundreds of jobs cut at the company's plant in Coventry (UK).

A statement said that after a thorough review over many months Ford Motor Company has decided it can no longer make a compelling business case for any of its brands to compete in Formula One.

In response to the news Eddie Jordan said, "My thoughts are with the staff at Browns Lane (Coventry), Cosworth and the Jaguar Racing F1 team as they take this in. We're saddened by the news as we've enjoyed competing against Jaguar Racing and we have shared the same engine partner for the last two years."

"Jordan will presently analyse its position with regard to engines. On a slightly happier note, I'm proud that history will record Jordan as the last team to win for Ford in its current campaign, at the Brazilian Grand Prix 2003."

-jordan-

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About this article
Series Formula 1
Drivers Eddie Jordan
Teams Jaguar Racing , Jordan