AMT takes over Peugeot engine program

Asia Motor Technologies (AMT), a new company founded by Hideo Morita, confirmed yesterday that it has secured the acquisition of the Peugeot Sport Formula One engine program. AMT is taking over the Peugeot Sport engine development facility...

Asia Motor Technologies (AMT), a new company founded by Hideo Morita, confirmed yesterday that it has secured the acquisition of the Peugeot Sport Formula One engine program.

AMT is taking over the Peugeot Sport engine development facility in Velizy, outside of Paris, and is retaining the 100-strong staff of the facility as well.

In the 2001 and 2002 seasons, the engines will be used exclusively by the Arrows F1 team operated by Tom Walkinshaw. The development of the engines will be funded by AMT.

Morita is the son of Akio Morita, the founder of the Sony electronics and entertainment giant. He has also enlisted Enrique Scalabroni, previously of Ferrari and Williams, as the technical consultant to AMT. Most of the AMT shareholders are located either in Japan or other Asian countries.

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About this article
Series Formula 1
Drivers Tom Walkinshaw
Teams Ferrari , Williams