Champ Car co-owners buy Cosworth

[Shiba-Kun]

Champ Car co-owners buy Cosworth

15 Nov 04





Ford Motor Company and Cosworth are jointly announcing today that Cosworth has been purchased by 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.

"I am delighted that Kevin Kalkhoven and Gerald Forsythe have bought Cosworth. Since we made the announcement to sell our F1 businesses in September we have received tremendous support from the management and employees at Cosworth and we have worked very hard to secure a sale to a reputable buyer," said Richard Parry-Jones, Group Vice President - Global Product Development and Chief Technical Officer, Ford Motor Company. "Kevin and Gerry are very successful businessmen, have a long history in the sport and a clear vision for how they wish to take Cosworth forward. I am pleased to announce this outcome."

"Cosworth has a truly wonderful heritage of engineering that we have great respect for," said Kevin Kalkhoven, the new co-owner of Cosworth. "We want not only to continue on from that great tradition but also move into the future with new projects and new ideas. There are many new markets we want to develop. For example, the company has been doing a lot of work on new technology marine engines, which should be very appropriate in the coming years. I believe there's a big opportunity in that area."

Gerry Forsythe added: "Broadly, we're looking at the whole area of engine development, but also in new markets, such as supplying kits to the emerging tuner car market. We also intend to continue working with automotive manufacturers around the world on an even more expansive basis than Cosworth has in the past."

[divinewisdom]

i guess someone notices the $2billion compact car market. haha

this will help strengthen the Champ Car series. i hope that in a few years, the series will let in other manufacturers to compete in the series. i dont like spec racing.

[Lights_Out]

Originally Posted by divinewisdom

i guess someone notices the $2billion compact car market. haha

Hmm, i wonder if we'll finally see a Cosworth version of the focus since they brought up sport-compacts and tuners.

[divinewisdom]

Originally Posted by 5.0

Hmm, i wonder if we'll finally see a Cosworth version of the focus since they brought up sport-compacts and tuners.

i am sure we will. they said that they will put more money and man power in the torrance plant of cosworth to produce more products for the sport compact tuners.