Jaguar are out of F1

Printable View

18-09-2004, 01:37 PM
LUD02C

Jaguar are out of F1

Quote:

Jaguar to leave Formula One
‘Ford to exit F1 activities’

Jaguar and Ford to leave Formula One

Ford today announced the end their Formula One programme with Jaguar. The F1 squad will not be re-branded as Ford as previously rumoured, but in fact is to be sold.

The unexpected announcement was made as Ford announced that it was ending production of cars at a plant in Coventry, central England, with the loss of more than 1,000 jobs because of weak demand for the up-market brand.

Cosworth engineering will no longer receive a Ford subsidy, throwing into doubt the supply of engines to both Minardi and Jordan Grand Prix.

"Jaguar's presence in Formula One has been a valuable marketing and brand awareness platform particularly outside our main markets of the US and the UK,” said Chairman and CEO Jaguar and Land Rover, Joe Greenwell. “However it was our collective view that it is time for Jaguar Cars to focus 100% on our core business."

“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,” Greenwell continued. “Having reached this decision our focus has turned to securing the best future for our Formula One businesses and our employees in these businesses going forward. We are therefore putting our Formula One businesses up for sale. “

Earlier this week, managing director David Pitchforth had voiced confidence that the team would receive an increased budget for the 2005 season.

Providing Jaguar with the resources required to allow it to compete on a level playing field with leading manufacturer teams like Ferrari and Renault would have required a major cash injection that Ford would have found difficult to justify at a time when it is cutting 1,000 jobs.

World champions Ferrari spend around 600 million dollars a year while Jaguar's 2004 budget was estimated at around 180 million dollars and their performances reflect their limited funding. Current race drivers Christian Klien and Mark Webber can both claim a best finish of sixth position.

A statement from Ford

Ford (to) exit from Formula One racing activities, including the sale of those operations. The personnel reductions and the Formula One decision together are estimated to result in a charge to pre-tax income of approximately $450 million. Of this, it is expected that approximately $375 million of these charges are to occur this year, with the remainder occurring next year.

E.A.
Source AFP / Ford

Lucky Webber got out before this.
Problem is that Klein is becoming a good driver.
I hope Red Bull buy it.

Jason :wave:
18-09-2004, 04:45 PM
ECU-MAN

hope the ( new ) team falls to the bottom of the grid big time, Dont mean it on a bad way just wanna see Minardi beat someone. :)
18-09-2004, 04:59 PM
bigteethygrin

i cant remember where i read this but i know someone else was already looking to start a new F1 team so this is probably an opportune event.. the big problem is where are minardi and jordan going to get their engines from??.. at least they will be forced to buy decent engines for a change..
18-09-2004, 05:26 PM
rAySiR

Jordan should go back to Honda... they did better when they where using the Mugen Honda engines....
18-09-2004, 05:34 PM
ECU-MAN

Quote:

Originally Posted by rAySiR

Jordan should go back to Honda... they did better when they where using the Mugen Honda engines....

yes and BAR did better when Honda gave them their Full Attention.
18-09-2004, 06:03 PM
bigteethygrin

i think toyota are looking to supply engines too.. so they can double their developement and reduce their costs through sales
18-09-2004, 08:36 PM
jackosimm

yeh was lucky for Webber
19-09-2004, 08:43 AM
LUD02C

Quote:

Originally Posted by bigteethygrin

i cant remember where i read this but i know someone else was already looking to start a new F1 team so this is probably an opportune event.. the big problem is where are minardi and jordan going to get their engines from??.. at least they will be forced to buy decent engines for a change..

Phil, you read that in my F1 update post.
Its a Formula 3000 team that wants in.
Thing is they have already purchased a different licence i think to enter.

Minardi and Jordan are in big trouble because the Cosworth engines were so cheap! I'm hoping a big company buys into the sport.
19-09-2004, 11:22 AM
McChook

I'd love to see the VW group get into it. They made their SportsCars incredibly dominant, and I think they have the goods to make it work in F1. This also goes for the Porsches in the Mid 90s, of which the VW group holds a stake in. Especially considering that the other 3 German makes are in F1 - BMW and Mercedes Benz

Otherwise, like to see the biggest manufacturer in the world get into F1... GM. The other 4 of the big 5 manufactuers in the USA are already inside F1.
ie, Ford, Chrysler (Daimler Benz - Mercedes Benz has Merc Badged Illmor), Toyota and Honda....
19-09-2004, 11:26 AM
LUD02C

matt, GM couldn't be in F1.
You aren't allowed to have pushrod motors LOL :D :D :D

Jason :wave:
19-09-2004, 11:48 AM
McChook

Quote:

Originally Posted by LUD02C

matt, GM couldn't be in F1.
You aren't allowed to have pushrod motors LOL :D :D :D

Jason :wave:

CALL OF THE DAY!!!
19-09-2004, 12:21 PM
pornstar

Wheres nissan and its omg sick uleh engines? ;)
19-09-2004, 01:23 PM
jackosimm

Quote:

Originally Posted by McChook

CALL OF THE DAY!!!

hahaha agreed!!
19-09-2004, 02:28 PM
Javed

Quote:

Originally Posted by LUD02C

matt, GM couldn't be in F1.
You aren't allowed to have pushrod motors LOL :D :D :D

Jason :wave:

BWAHAHAHAHA.
19-09-2004, 06:45 PM
LUD02C

Thank You people.
I have always wanted to say it.
Thank You!

Jason :wave:
19-09-2004, 06:49 PM
ECU-MAN

Quote:

Originally Posted by pornstar

Wheres nissan and its omg sick uleh engines? ;)

Turbo's arnt allowed in F1 :D only NA perfection
19-09-2004, 10:11 PM
McChook

Quote:

Originally Posted by ECU-MAN

Turbo's arnt allowed in F1 :D only NA perfection

Actually, Renault owns Nissan
20-09-2004, 10:41 AM
LUD02C

Quote:

Originally Posted by McChook

Actually, Renault owns Nissan

Dame you beat me to it.
I got into a huge arguement with someone because i said Fiat own Ferrari, and they didn't believe me.

Jason :wave:
20-09-2004, 01:43 PM
jackosimm

Quote:

Originally Posted by LUD02C

Dame you beat me to it.
I got into a huge arguement with someone because i said Fiat own Ferrari, and they didn't believe me.

Jason :wave:

Some people just dont understand. I've had that one come up many times too and they never give up even though they don't know what there talking about.
22-09-2004, 03:58 PM
Hondavirgin

They've gotta start cutting costs, as much as i'd like to see them have free reign to do whatever they wanted with the cars the way we're going we'll have 10 car races with just the major engine manufacturers vs Ferrari.

Jordan were on a knife edge financially anyway, Minardi were even worse, any increase in the cost of engines for these guys and say bye to four cars.

As for the teams running a third car, bugger that, most teams barely have the money to run two! Typical bernie arrogance, he's built F1 up to where it is now and now he's just strangling it for his retirement fund.....(even though he is one of the richest men in the world).
22-09-2004, 05:29 PM
LUD02C

Its not others Vs Ferrari engine wise.
Ferrari doesn't have the best engine and they have openly said that.

Renault and BMW have the best engines...
But Ferrari has the best over all package!

Cutting cost is going to make things just as bad.
How you say?

Well with new engines and chassis being built you have to test them and create solutions to new problems.
Do you think by just putting in a V8 and less aerodynamics that costs go down? Or take out some electronics?

If you do major changes you have to test and fix problems that come up.
This is why they don't wanna change the engines in them.

Jordan, Minardi, Sauber are all against it so is Ferrari.
But people like McLaren, Toyota and BMW want it because they have the money to develop the new engines and it will be even package against Ferrari...

Understand what i'm saying?
23-09-2004, 03:37 PM
Hondavirgin

i didn't mean competeing against each other engine wise, i meant competeing against each other with the teams they support, i.e Renault vs McLaren (Merc) vs Ferrari vs Williams (BMW) vs BAR (Honda) vs Toyota (depending on when they get their act together, they'll only take being mid-field for so long), because those are the only teams with the $$ to continure thanks to their engine manufacturer support.

As for cutting costs i don't agree with the 2.4L V8s either, for the same reasons you've said, that it doesn't cut costs coz they have to develop whole new engines. I think Mario Thiessen came up with cutting costs using the existing engines, as in fixing certain things, banning some of the more expensive materials etc. Its still going to be the teams with the big budgets getting more power, but the smaller teams wont be so far behind because they don't have that money to spend.

What they need to do is freeze engine development to some extent.....
23-09-2004, 04:51 PM
LUD02C

Yeh i understand what your saying.
But if you freeze the engine development other motorsports can "catch up" and that wouldn't make any F1 Team Happy!

Imagine if a IRL car is just as fast and developed as a F1 car, you might as well merge the two classes.

I don't know a solution to this problem.
As Juan said "A team always dominates, people complain but they should be praising them because it makes lesser teams wanna catch up and things develop quicker"
23-09-2004, 05:15 PM
My-B18c

lol jaguar is still in the f1 ford coswarth or how ever you spell it couldnt get the place 4 next year so jaguar is stil in!
24-09-2004, 10:57 AM
Hondavirgin

Thats a good point LUD02C......the teams with the cash will always spend the money on something to give them an advantage, and the only way to fully fix it is to have something like IRL or Supercars, where you can choose out of two chassis and engine combo....

which is bloody stupid if you ask me, I wish it could go back to the old days of F1 when pretty much everything was allowed......then you'd get some crazy cars.

The terms "pinnacle of motorsport" and "restricted development" don't go together.
24-09-2004, 11:39 AM
LUD02C

You know what we need…
Go back to the 80’s when the F1 cars were turbo V8’s with slicks running 1,300 HP + at the wheels.
And Group B rally cars ruled the dirt and were just as quick as F1 cars on the tarmac.

Oh I can only dream.
Going to watch a few DVD”s now of that era.

P.S. Hondavirgin call me Jason ;)
24-09-2004, 02:00 PM
Hondavirgin

and qualifying tune 1 lap monster engines! :D

p.s., I'm Tristan btw.