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©1998 SpeedCenter Internet Publishing, Inc. Ford has agreed in principle to buy the Cosworth Racingengine division of Cosworth Engineering from Audi AG. Cosworth Racing has worked together very closely with Ford for more than30 years. The sale allows Audi to concentrate fully on the engineering,development, casting and manufacturing capabilities of Cosworth. "Acquiring Cosworth really stabilizes and strengthens our Formula One,CART, and Touring Car involvement," said Dan Davis, director, FordSpecial Vehicle Operations, and worldwide head of Ford's motorsportprogram. "A loyal partner for years, Cosworth Racing can now benefitfrom some of Ford's resources in ways that were not possible prior tothe sale. And that should be a great benefit to the racing teams whodepend on us week in and week out." Cosworth Racing will be wholly-owned by Ford and continue to be based inNorthampton, England. Background Information: Ford formed an association with Cosworth in 1967 to produce thelegendary Ford DFV engine which won its first race in the hands of JimClark. Ford and Cosworth went on to power 13 Formula One WorldChampions, secure 10 Formula One Manufacturers Championship titles, andachieve 174 Formula One victories and 12 Indianapolis 500 wins. Source: Ford Motorsport | ||
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