Cosworth's future is secure, according to its management

Despite Williams’ announcement that it would switch to Renault power for the 2012 season – leaving it with just two teams to whom it will supply engines next year – engine builder Cosworth is claiming that its position in Formula 1 is more secure than ever.

The Northamptonshire-based engine builder has also confirmed it will be designing a 2013-spec V6 engine for the following year’s new turbo regulations despite it having only two customers – Virgin Racing and HRT – on the grid.

There had been concerns that the loss of Team Lotus and Williams to rival customer engine supplier Renault could impact the independent group’s bottom line, but Cosworth CEO Mark Gallagher has no concerns about this at all.

Speaking with Auto Motor und Sport, Gallagher explained: “We regard each of our customer contracts as a separate deal. Each has fixed costs: engine, support at the track, development, individual adjustment to the car.

“So there is a profit with each deal. With regards to 2012, instead of having three separate profits, there will be only two.”

However, Gallagher would not deny that a third team joining its customer ranks would certainly be welcomed.

“We have a customer guarantee,” Gallagher added. “Ferrari, Mercedes and Renault have committed that at least two customers will stay with us. Three would be ideal.”

[Image via LAT]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.