Eddie Jordan, former F1 team owner and pundit, dies at 76
A statement from his family confirmed his passing, describing him as an entrepreneur who "brought an abundance of charisma, energy, and Irish charm everywhere he went."
Jordan was actively involved in sports until his final days, recently engaging in discussions about his role as patron of London Irish Rugby Football Club.
Jordan Grand Prix, the team he founded in 1991, quickly became known for its bold approach and striking liveries. Despite being an independent outfit, it secured four Formula 1 victories and briefly contended for the drivers' championship in 1999.
His team provided career opportunities to several future champions, including Michael Schumacher and Damon Hill.
Jordan sold his team in 2005, paving the way for its evolution into Force India, Racing Point, and its current incarnation as Aston Martin. He later transitioned into broadcasting, working as a pundit for BBC Sport and Channel 4, where his outspoken views and ability to break major news stories made him a fan favourite.
Among his notable moments in F1, Jordan played a key role in giving Schumacher his debut at the 1991 Belgian Grand Prix. The team's first win came in 1998 at Spa with Hill, while its final victory was achieved by Giancarlo Fisichella at the chaotic 2003 Brazilian Grand Prix.
In his final major contribution to the sport, Jordan helped broker the deal for legendary designer Adrian Newey to join Aston Martin this year.
Known for his flamboyant lifestyle, Jordan had many showbiz connections and played drums in a band called Eddie & The Robbers. His legacy in Formula 1, both as a team owner and a broadcaster, remains significant.
His family acknowledged the deep void left by his passing but expressed gratitude for the memories he created, stating, "He will be missed by so many people, but he leaves us with tonnes of great memories to keep us smiling through our sorrow.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Express Tribune
12 hours ago
- Express Tribune
Max Verstappen confirms he's racing with Red Bull in 2026
Max Verstappen has put an end to speculation about his Formula 1 future, confirming he will stay with Red Bull for the 2026 season. The reigning four-time world champion, who has been under contract with the team until 2028, addressed ongoing rumours about potential moves to Mercedes and other teams during the Hungarian Grand Prix. "I've never really said anything about it because I was just focused on talking to the team about how we can improve our performance, future ideas for next year as well. And that's why I have nothing really to add ever," Verstappen said. "But yeah, it's time to stop all the rumours. For me, it's always been quite clear that I was staying anyway." Verstappen's statement clarifies that the uncertainty surrounding his future had been overstated. The Dutch driver explained that the Red Bull team was always confident in his commitment, as discussions regarding car improvements and future plans continued throughout the season. While this confirmation eliminates any further speculation about Verstappen's move, it also impacts the dynamics at Mercedes. With Verstappen staying at Red Bull, drivers George Russell and Kimi Antonelli at Mercedes are expected to remain in place for the upcoming season. Russell, who had anticipated Verstappen's decision, expressed that he is "not in a hurry" to sign a new contract with Mercedes but highlighted the importance of a solid agreement with the team. "Whenever we come to an agreement we will get it done but it has to work for both of us," Russell explained. He noted the unique situation at Mercedes, with his management also overseeing his contract, adding complexity to the negotiation process. Russell emphasised his confidence in the team's support, despite the ongoing uncertainties, and expressed a desire to take the upcoming summer break to reflect on his position before making any further decisions regarding his contract. As Verstappen continues his journey with Red Bull, the Hungarian Grand Prix will serve as another stage in his battle for a fifth world championship, with rival teams eyeing the strategic shifts that could shape the rest of the season.
Business Recorder
2 days ago
- Business Recorder
Porsche, Aston Martin hike US prices as hopes for tariff sweeteners fade
BERLIN: European luxury carmakers including Porsche and Aston Martin have surged ahead with US price hikes, which could point the way for bigger brands to follow in their wake as companies pass on the cost of tariffs. The United States and Europe reached a trade deal that will see EU-made cars hit with a 15% tariff from August, lower than once threatened but far higher than the 2.5% rate before US President Donald Trump launched his trade offensive this year. On Wednesday, Volkswagen's luxury brand Porsche said it had raised U.S. prices by between 2.3% and 3.6% in July, with no plans for now to establish a U.S. production presence - a move that would let it avoid the levies. 'This is not a storm that will pass,' Porsche CEO Oliver Blume said after the company cut its full-year profit target and flagged a $462 million hit from tariffs in the first half. 'We continue to face significant challenges around the world.' U.S. tariffs have pummelled global automakers, forcing companies such as GM, Volkswagen, Hyundai and Mercedes-Benz to book billions of dollars of losses, issue profit warnings, slash forecasts and raise prices. Ford Motor , which boasts domestic production for around 80% of the vehicles it sells in the U.S., said on Wednesday that second-quarter results took an $800 million hit from tariffs and higher U.S. levies would likely cost more than expected for the year. Japanese carmaker Nissan reported a $535 million quarterly loss on Wednesday, impacted by U.S. tariffs, restructuring and lower sales volumes. British sports-car maker Aston Martin said it had made incremental price increases in the United States since last month, issuing a profit warning based on the U.S. tariffs impact and prolonged suppressed Asian demand. Additional costs While bigger carmakers have so far held off, other sectors have seen price hikes as companies have looked to pass on the additional cost of tariffs. Analysts said larger carmakers could take similar steps in the second half of the year. 'Into H2, we are looking to gain additional visibility with regards to the ability of Mercedes-Benz and the rest of the premium OEMs to increase prices in the U.S. in order to offset the impact of tariffs,' J.P. Morgan said in a note. European carmakers are also getting less optimistic that they could seal extra sector-specific tariff reductions, resigned to dealing with the 15% rate. Mercedes CEO Ola Kaellenius told analysts on Wednesday that the group was assuming tariffs would remain at 15%, throwing cold water on hopes companies may be able to negotiate individual deals. 'For all intents and purposes, that global deal for now is it,' said Kaellenius, also president of Europe's car lobby ACEA. Any side deals were 'very uncertain'. Volkswagen had said last week it was hoping investment commitments could help it negotiate lower US tariffs. But Porsche CEO Blume, also head of VW, suggested there would not be a separate U.S. deal for the automotive sector. 'I agree with Ola Kaellenius' assessment that there will not be a separate automotive deal,' Blume said.
Business Recorder
2 days ago
- Business Recorder
European shares close flat as investors weigh US tariff impact on earnings
FRANKFURT: European shares closed flat on Wednesday as investors weighed the impact of tariffs on corporate earnings after big companies including Adidas, Porsche and Aston Martin flagged potential US price hikes. Investors were eagerly awaiting the latest round of company outlooks, as these were the first quarterly reports issued since trade uncertainty overwhelmed markets. The pan-European STOXX 600 index was last at 550.24 points, with the auto sector the hardest hit during the day. Among European luxury carmakers, Porsche dropped 1.6% and Aston Martin slumped 10% after saying they were lifting prices on their cars exported to the US as a result of tariffs. Germany's Mercedes-Benz also slid 3.4% after the carmaker estimated a nearly $420 million tariff impact. Adidas also warned it may have to hike prices in the United States after reporting US tariffs would add around 200 million euros ($231 million) to costs in the second half. Shares of the sportswear brand plunged 11%. Still, analysts broadly expect corporate health to improve after the US and EU reached an agreement to reduce tariffs to 15% on EU goods, averting a broader trade war. 'My personal surprise is that (European companies) are adapting very quickly to this new context,' said Alberto Matellan, general manager of MAPFRE's French asset management subsidiary La Financiere Responsable. 'Maybe tariffs are the trigger to be quicker in adapting to a global shift that was going to happen anyway.' However, the levies were much higher than earlier this year, and duties on certain sectors such as beverages were still to be decided. The deal also had market participants reassessing their bets on European stocks after a bumper rally earlier in the year. Wall Street's S&P 500 has posted the biggest gains for the year, outperforming the STOXX 600. Meanwhile banks, which are less exposed to trade concerns, were up for a second day and hit their highest since early 2010. Swiss bank UBS rose 1.1% after reporting its second-quarter profit more than doubled from last year, while HSBC Holdings fell 3.8% on posting first-half pretax profit below estimates.
