Upheaval at Ford???
Rumors are apparently flying in the Glass House and elsewhere to the effect that Jacques Nasser is out of favor with the folks whose name is on the building, and will be toast soon. Following was excerpted from Formula1.com, as my Forbes was not delivered today.
"Reports are emerging from America that Ford CEO Jacques Nasser could be ousted from the company by the end of the year. According to Forbes magazine, Nasser has lost the confidence of the Ford family, which controls 40% of the board's voting power through stock holdings, and therefore is unlikely to last into 2002."
Speculation is that if Nasser goes, the family will step back in and curtail racing activities including the Jaguar F1 effort. Henry the Deuce backed the Le Mans effort 110%, but never really went in for F1. I have no inside info on how the younger generation of Fords feel about F1, but cutting it off and selling the team will make good reading for the stockholders.
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