JUNE 19, 2000

Jaguar picks Silverstone

THE management of Jaguar Racing has finally settled on Silverstone as the location for its new Formula 1 headquarters.

THE management of Jaguar Racing has finally settled on Silverstone as the location for its new Formula 1 headquarters. A new factory will be built in the course of the next 18 months while a windtunnel, currently being designed in the UnitedÊStates by the Sverdrup company, will be built on the site, which will integrate both the Jaguar Racing team (which will move from Milton Keynes) and Cosworth Racing (which will move from Northampton). The team has decided that to minimize the disruption involved both companies will be relocated at the same time to avoid problems dragging on over a period of months. The choice of Silverstone means that only a few members of the current staffs of the two firms will need to move.

The deal is expected to produce around $6m a year in rents for Silverstone