Cosworth will not apply for Alternative Engine tender

The FIA’s intentions to bring in an alternative engine to Formula 1 are not in the plans of Cosworth Engineering due to the costs that would be involved in developing an engine.

Cosworth, with a rich history within the sport, would need to start from scratch as it does not current have an engine that could be adapted to be used in the V6 era of Formula 1, with Cosworth co-owner Kevin Kalkhoven insisting the costs involved would not be justifiable.

“We took a look at it and looked at who the potential customers would be,” said Kalkhoven to “And the answer is essentially Red Bull, as they don’t have a long-term engine contract.

“Then we looked at the economics of developing an engine from scratch, which is what we would have to do. The economics of it just don’t work out. It would cost roughly £20m to develop from scratch, with everything else that goes with it. You’ve also got to pay for the on-track support, as well.

“It’s also too short a time to produce an engine unless you’ve already got a design. We could do it, but the company is extremely busy at the moment, and to take on a speculative investment without the return that our other projects bring is not good business sense. So we have politely declined the opportunity to lose money!”