CHAMPCAR/CART: CCWS statement on sale of Cosworth

Champ Car World Series Statement on Sale of Cosworth Racing INDIANAPOLIS (September 17, 2004) -- What follows is a statement released by the Champ Car World Series concerning today's announcement by series sponsor Ford Motor Company that it...

Champ Car World Series Statement on Sale of Cosworth Racing

INDIANAPOLIS (September 17, 2004) -- What follows is a statement released by the Champ Car World Series concerning today's announcement by series sponsor Ford Motor Company that it was putting the assets of Cosworth Racing Inc. up for sale. Cosworth Racing Inc. is the exclusive engine supplier to the Bridgestone Presents The Champ Car World Series Powered by Ford. The statement should be attributed to Champ Car President and CEO Dick Eidswick.

"It comes as no surprise that Ford has decided to take these actions. It is important to note the Champ Car World Series owns the Cosworth XFE engines our teams currently use and that this decision will not impact Champ Car's ability to compete now or in the future. We've been very pleased with our partners at Cosworth and anticipate the continuation of our relationship as both companies move forward with plans for the 2005 season."

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Series AUTOMOTIVE , INDYCAR