Consultant, Commentator and Team Owner
Subsequently he became a consultant for the Ford Motor Company while continuing to be a spokesman for safer cars and circuits in Formula One.
Stewart covered NASCAR races and the Indianapolis 500 on American television during the 1970s and early 1980s, and has also worked on Australian TV coverage. As a commentator, he was known for his insightful analysis, Scottish accent, and rapid delivery, once causing Jim McKay to remark that Stewart spoke almost as fast as he drove.
In 1997 Stewart returned to Formula One, with Stewart Grand Prix, as a team owner in partnership with his son, Paul. As the works Ford team, their first race was the 1997 Australian Grand Prix. The only success of their first year came at the rain-affected Monaco Grand Prix where Rubens Barrichello finished an impressive second. Reliability was low however, with a likely 2nd place at the Nürburgring among several potential results lost. 1998 was even less competitive, with no podiums and few points.
However, after Ford acquired Cosworth in July 1998, they risked designing and building a brand-new engine for 1999. It paid off. The SF3 was consistently competitive throughout the season. The team won one race at the European Grand Prix at the Nürburgring with Johnny Herbert, albeit somewhat luckily, while Barrichello took three 3rd places, pole in France, and briefly led his home race at Interlagos. The team was later bought by Ford and became Jaguar Racing in 2000 (which became Red Bull Racing in 2005).
Stewart is also the head sports consultant/ patron for the Royal Bank of Scotland. In March 2009, he waived his fee for the year in response to the bank losing £24bn in 2008. This was a change of heart after earlier refusals to do so attracted negative media attention.
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