The business, which makes cylinder heads and engine blocks for the prestige market, including the Aston Martin Vanquish V12 and Audi’s RS6, is believed to have an asking price of £50m. Audi has appointed merchant bank Lazard to handle the sale.
Cosworth Technology has sites in Northampton, Wellingborough and Worcester, with a workforce of about 1,000. It was formed after Audi bought the Cosworth business from Vickers for £220m in 1998, and split it into the engineering arm Cosworth Techno-logy, and motorsport division Cosworth Racing, which it sold to Ford for around £100m.
Ford is quitting F1 and has put Cosworth Racing up for sale.