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Jaguar team, Cosworth engines for sale

Updated: September 17, 2004, 10:36 AM ET
Reuters

LONDON -- Jaguar will pull out of Formula One at the end of 2004, with parent company Ford's engine maker Cosworth also up for sale.

Ford's bombshell announcement Friday has huge ramifications for the glamour sport, already facing an uncertain future with carmakers threatening to establish a rival championship. Cosworth also supplies engines to the struggling Jordan and Minardi teams.

"We (Ford) are withdrawing from Formula One at the end of the season," Ford vice president Richard ...

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