The Jaguar Formula 1 team will be no more at the end of this
season. The Ford bosses said that running a team under any of its
brands "did not create a compelling business argument." Engine
supplier Cosworth has been put up for sale, 1100 employees at the
Coventry factory will be made redundant and the World Rally Team is
also under threat.
Personally, I think Jag's involvement in F1 has not been justified
by the results (best finishes were 3rd in Monaco 2001 and Monza
2002). It is hugely expensive, and fighting Toyota in the lower
midfield of the grid is ruining the brand. Ford has been bleeding
red ink for several years since Jac Nasser's departure, something
has to give, and this was least unexpected.
