Ford Sells Jaguar Racing to Red Bull; Cosworth Engines Also Sold

Ford Motor Co. said it has sold Cosworth, its motorsport technology engineering company and supplier of Formula One engines, and Jaguar Racing Ltd, its Formula One team. The terms of each sale were not disclosed. Cosworth's new owners are Kevin Kalkhoven and Gerald Forsythe, co-owners of the Champ Car World Series and heads of the PKV and Forsythe Championship Racing Champ Car teams respectively. Jaguar Racing has been purchased by Red Bull, the Austrian energy drink company.

From AFX News Limited

LONDON — Ford Motor Co. said it has sold Cosworth, its motorsport technology engineering company and supplier of Formula One engines, and Jaguar Racing Ltd, its Formula One team. The terms of each sale were not disclosed.

Cosworth’s new owners are Kevin Kalkhoven and Gerald Forsythe, co-owners of the Champ Car World Series and heads of the PKV and Forsythe Championship Racing Champ Car teams respectively.

Jaguar Racing has been purchased by Red Bull, the Austrian energy drink company.

The company was a sponsor of Jaguar Racing in 2004, and has been extensively involved in Formula One and global motorsport for over a decade.

The new Formula One team will continue to purchase engines from Cosworth, thereby helping to ensure a positive future for the Northampton-based, motor sport technology engineering company.

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