Cosworth on the market

UK engine builder confirms plans to sell to highest bidder.

Cosworth on the market

Northamptonshire-based engine specialist Cosworth has announced that it is now up for sale, after the owners of the company instructed investment bank UBS to auction the company off.

Cosworth has been involved in F1 since 1963, and is still supplying engines to two F1 teams, but the company has also diversified in the past few years – branching out into aerospace equipment, with Rolls-Royce one of Cosworth’s biggest clients.

Tim Routsis, Cosworth’s chief executive, told The Times: ‘We have been paused for the last 18 months and the board has decided that we can not wait any longer otherwise we risk losing momentum.’

The current owners, Gerry Forsythe and Kevin Kalkhoven of IndyCar fame, bought the company from Ford in 2004. The pair planned to float the company on the stock exchange, but after this plan failed to materialise, the decision to sell the company was been made.

Most Popular

2021 Mercedes C-class revealed – all-new 3-series rival to channel S-class luxury
2021 Mercedes C-class revealed - front tracking
Mercedes C-Class

2021 Mercedes C-class revealed – all-new 3-series rival to channel S-class luxury

New C-class to launch as four-cylinder only; AMGs expected to be the same
23 Feb 2021
Will synthetic fuel save the performance car? The manufacturers weigh in
R8 Filler cap
Porsche

Will synthetic fuel save the performance car? The manufacturers weigh in

Porsche claims a car running on eFuel will have the same CO2 footprint as an EV, and BMW, Audi, Aston Martin and McLaren all agree
24 Feb 2021
Lexus IS500 F Sport revealed – naturally aspirated V8 sports saloon is back
Lexus IS500 F Sport -
Lexus

Lexus IS500 F Sport revealed – naturally aspirated V8 sports saloon is back

It’s a recipe that AMG, BMW and Audi say no longer appeals, but Lexus has gone its own way, with an almighty catch
22 Feb 2021