OCTOBER 14, 2004
Want to buy another secondhand Cosworth?
Audi AG has decided that it wants to sell Cosworth Technology, its high technology drivetrain company. This is now unrelated to Cosworth Racing, the racing division having been old to Ford by Audi for $150m back in 1998. The rest of the company, comprising the engineering, manufacturing and casting activities of Cosworth, were renamed Cosworth Technology. It is believed that Audi is asking only around $80m for the business, which employs 1000 people in Northampton, Wellingborough and Worcester, and at Novi, Michigan. Audi originally paid around $350m for the entire Cosworth company.
|Print News Story|