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(Reuters) - Ford said on Friday its Jaguar Formula One team would pull out of the sport at the end of the 2004 season.
"After a thorough review over many months, Ford Motor Company has decided it can no longer make a compelling business case for any of its brands to compete in Formula One," Joe Greenwell, chairman of Jaguar and Land Rover, said in a statement.
"We are putting our Formula One businesses up for sale," he said.
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