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Red Bull will use Cosworth engines

Updated: November 18, 2004, 7:00 PM ET
Associated Press

LONDON -- Jaguar will race next season in Formula One after being taken over by Red Bull on Monday.

Jaguar's parent company, Ford, said on Sept. 17 it couldn't afford to be part of Formula One. Ford had until noon Eastern time Monday to conclude negotiations with potential buyers and enter the 2005 championship or close the England-based team.

Red Bull said it would stick with engines made by Jaguar's Cosworth engines subsidiary for next season.

"We are really looking ...

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