Is Prodrive Looking To Buy Cosworth?

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Ford Focus Cosworth - engine

Ford Focus Cosworth - engine

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Recently we brought you news that current owners of Cosworth, American racing names Gerry Forsythe and Kevin Kalkhoven, had put the legendary British tuner and engine manufacturer up for sale.

Since then, reports out of the UK claim motorsport firm Prodrive is considering submitting a bid for Cosworth.

The Daily Mail is reporting that Prodrive, run by David Richards, who also happens to be chairman of Aston Martin, is looking at Cosworth but is in the belief the current value of the company is too high.

Cosworth, which supplies engines to Formula One teams HRT and Marussia, made a small profit of $6.3 million last year.

However, the future is not as bright, at least in terms of F1 participation, as Cosworth, which recently lost deals to supply Williams and Caterman with engines, is expected to bow out of motorsport’s top echelon when the current V-8 engines are switched to turbocharged V-6 units. The engine change is currently scheduled to take place in the 2014 season.

More recently Cosworth has branched out into the aerospace industry.

Stay tuned for an update.

 
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