Thursday, 18 October 2012

Cosworth up for sale

One of the most iconic Formula One engine brands has been put up for sale. The Cosworth engine manufacturer has been put on the market by it's owners American businessmen Gerald Forsythe and Kevin Kalkhoven who bought the company from the Ford Motor Company in 2004.

The company was put up for sale following a failed attempt to float it on the stock market. Cosworth was founded in 1958 in Britain by Keith Duckworth and Mike Costin. In it's history involved in Formula One the engine provider has powered 176 victories second only to Ferrari in the all time most successful engine suppliers.

In recent years, the company powered the Jordan, Minardi, RedBull Racing, Caterham, Marussia F1 and HRT. The company currently supplies two team's in Formula One, the HRT Racing team and Marussia F1. The team's last victory came with the Jordan GrandPrix team at the 2003 Brazilian GrandPrix.

The Times in England is reporting that a number of engine companies are interested in purchasing the company. One of the favourite's to succeed in their bid is airplane engine manufacturer Rolls-Royce. Cosworth are the only independent F1 engine supplier and I would worry about the future of the HRT and Marussia team's if a buyer is not found for Cosworth.

However, in my opinion if Rolls-Royce do succeed in purchasing Cosworth we could see the engine's rebranded as Rolls-Royce.

It would be fantastic if the company was sold to Rolls-Royce as the car company is British and would keep Cosworth in the UK. So we shall see what happens in the next few week's and months.

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