Ford Motor Co. is selling off its Jaguar Racing Ltd. Formula 1 racing program and Cosworth motor sports engineering arm as part of its Jaguar Cars turnaround plan announced in September. The Austria-based Red Bull racing team is purchasing Jaguar Racing, and the entity will continue to source engines from Cosworth – which tentatively was acquired by an American group that owns an American car-racing series, in addition to the Wheeling, IL-based Forsythe Championship Racing and ...
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