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Front Page
Clarification of Ford Performance Racing
Staff, Thursday March 27, 2003.
Page 1 of 1
In response to some confusion amongst teams and media, Ford Motor Company of Australia and global motorsport and engineering company Prodrive wish to confirm the previously stated ownership position of the Ford Performance Racing team.Ford Performance Racing is 100% owned by Prodrive ? Ford Motor Company of Australia has no equity in the team.
Prodrive acquired Glenn Seton Racing in January 2003 and after negotiating a sponsorship arrangement with the Ford Motor Company of Australia, it was decided to call the team Ford Performance Racing.
The naming of the team is no different to any other sponsorship arrangement in motor racing or for that matter sport in general.
Ford Performance Vehicles is a joint venture between the Ford Motor Company of Australia and Prodrive. The make-up of this joint venture is 49% Ford Motor Company of Australia and 51% Prodrive.
For further information contact:
Ford Australia Communications
Phone: 03 9359 8491
