Red Bull buys Jaguar Racing
Racing team sold to former sponsor, Cosworth to Champ Car series owners.
Ford has sold Jaguar Racing, its F1 racing team, and Cosworth, its motorsport technology engineering company and supplier of F1 engines. The blue oval didn't disclose the terms of the sale.
Energy drink maker Red Bull bought Jaguar Racing. The company was a sponsor of Jaguar Racing in 2004, and has been extensively involved in F1 and global motorsport for over a decade. Red Bull said the new team will continue to buy its engines from Cosworth, helping to ensure a positive future for the Northampton-based, motor sport technology engineering company.
"Having taken the tough decision to exit Formula One after over 35 years in the sport, our focus has been to secure the best future for our Formula One businesses and our employees," said Ford executive Mark Fields. "We now will concentrate our efforts to improve the results of Jaguar Cars and the Premier Automotive Group," added Fields.
Cosworth's new owners are Kevin Kalkhoven and Gerald Forsythe, co-owners of the Champ Car World Series and heads of the PKV and Forsythe Championship Racing Champ Car teams respectively.
Ford said the sale of the businesses was part of the so-called "improvements" that it announced on 17 September 2004 for Jaguar Cars -- or its "Jaguar Cars unit", as the press release coldly puts it. These improvements include Ford’s exit from F1 and the sale of the Jaguar Racing and Cosworth.
ianf said:
Yeh can imagine the new logo.....Red Bull gives you Down Force!
*lol*
It is a good way to loose some profit ... since the boom in the U.S. Red Bull has some serious problams to keep expansion on a rational level. ( The company swims in Money ... and nobody here seems to understand why.)
simonrockman said:
With a name like Red Bull Racing they should have Lambo engines.
Simon
I wouldn't - last time Lamborghini supplied engines (to Lotus and Minardi in the early '90s) they only lasted one season apiece. They may have worked fine in a Diablo, but even that is a box-girder bridge compared to the robotic scalpel that is an F1 car.
red bull gives you wings, and then bernie reduces them by 75%v8thunder said:
They will, and I've seen the new livery too (light silver with blue wings, bargeboards and airscoops). Looks good, which is a shame, as the name's crap. 'Red Bull Racing'? Why couldn't they find a better name, something more, err, F1-like?
Here's some pics...
>> Edited by midgster on Tuesday 16th November 16:25
toppstuff said:Apparently not, although if you believe that .....
What about the sponsorship of Sauber ?
Won't they miss the money from Red Bull...
Newromancer said:
Yeh can imagine the new logo.....Red Bull gives you Down Force!
*lol*
It is a good way to loose some profit ... since the boom in the U.S. Red Bull has some serious problams to keep expansion on a rational level. ( The company swims in Money ... and nobody here seems to understand why.)
I have always wondered that. If you think about everything they sponsor (and it is a lot- from historic aircraft flying in red bull colours to F1 teams, GT teamsl, football etc its a lot.
Far more, when you consider that they only have 1 product, although a mass-appeal product. I am worried for the F1 teams when the hole in their funds is discovered...
Gassing Station | General Motorsport | Top of Page | What's New | My Stuff