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JAGUAR FACING F1 THREAT

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Jaguar may not be lining up on the grid for next season’s Formula One championship, after reports that budgets for next year have not been signed off by parent company Ford.

According to reports in The Daily Telegraph, Ford may be prepared to axe the Jaguar name to accommodate a new title sponsor or rebrand the team under the organisation’s familiar blue logo.

Jaguar has struggled to make an impact in Formula One since its arrival in 2000, finishing no higher than seventh in the constructor’s championship.