Cosworth, the higher performance racing engine maker, is up for sale, The Times newspaper reported.

The company, founded in 1958 by Mike Costin and Keith Duckworth, hence the Cosworth name, has been put up for sale by owners Gerry Forsythe and Kevin Kalkhoven, the IndyCar racing entrepreneurs. They bought it eight years ago from Ford with whom Cosworth has had a long association. Other customers include Aston Martin and McLaren.

The Times speculated Rolls-Royce could be interested in buying the engine maker. Cosworth has recently diversified into aerospace with Rolls-Royce one of its customers.

Other reports suggested GKN, which also operates in both aerospace and automotive, could be a potential buyer.

The Times reported Cosworth had an underlying profit of GBP5m (US$8m) on a turnover of GBP54m and could be worth GBP100m.