Formula One news

US-based buyer for Cosworth

Champ Car co-owner Kevin Kalkhoven, an Australian, will shortly announce that he has bought Ford's unwanted engine maker Cosworth. The loss of the historic company, threatened by Ford's shock decision to withdraw it and Jaguar from Formula One after the Brazilian grand prix, would also have been disastrous for the entirely Cosworth-powered US-based championship.

The news is also good for back-of-the-grid F1 team Minardi, whose principal Paul Stoddart was preparing to dust off the old '01-spec 'European' Cosworth V10 engine to race in 2005.

more news

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