JULY 29, 2003

A threat

There are suggestions within the Ford Motor Company that the company will name a new chief to oversee both Ford of Europe and the Premier Automotive Group. Such a move could have a profound effect on Jaguar Racing and Jordan because Jaguar is supported by PAG and Jordan by Ford of Europe. If both of these units came under the same management it is unlikely that the current overlap would be allowed to continue. Much would depend on who is named to the new position of indeed it is created.