NEWSMAKER-Motor racing-Red Bull's F1 dream given wings by Jaguar

Newswire

By Alan Baldwin

LONDON, Nov 15 (Reuters) - The American dream of Red Bull boss Dietrich Mateschitz has been given wings by his purchase of Jaguar on Monday.

The Austrian billionaire has been involved in Formula One for a decade and owned 64 percent of the Swiss-based Sauber team until 2002 when he sold the stake for an estimated $42 million.

The 59-year-old remained a sponsor of Sauber and attempted to take over now-defunct Arrows and turn them into a "Red Bull ...

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