Cosworth announcement coming this afternoon

There will be an announcement about the future of Cosworth Racing at 5pm GMT and we expect that the event will mark the confirmation of the sale of the engine company by the Ford Motor Company to a company owned by Champ Car team boss Kevin Kalkhoven and some of his associates. Given the timing of the announcement there is little doubt that the buyer is an American organization.

It is worth noting that Jaguar Racing is planning an announcement at 10.30am GMT about its sale to Red Bull.

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