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Ford Cosworth
Cosworth is a British automotive engineering company founded in London in 1958, specialising in high-performance internal combustion engines, powertrain, and electronics for automobile racing (motorsport) and mainstream automotive industries. Cosworth is based in Northampton, England, with facilities in Cottenham, England, Silverstone, England, and Indianapolis, IN, US. Cosworth has collected 176 wins in Formula One (F1) as engine supplier, ranking third with most wins, behind Ferrari and Mercedes. Corporate history The company was founded as a British racing internal combustion engine maker in 1958 by Mike Costin and Keith Duckworth. Its company name, "Cosworth", was derived as a portmanteau of the surnames of its two founders (Costin and Duckworth). Both of the co-founders were former employees of Lotus Engineering Ltd., and Cosworth initially maintained a strong relationship with Lotus's Colin Chapman; initial revenues of the company came almost exclusively from ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Electronics
Electronics is a scientific and engineering discipline that studies and applies the principles of physics to design, create, and operate devices that manipulate electrons and other Electric charge, electrically charged particles. It is a subfield of physics and electrical engineering which uses Passivity (engineering), active devices such as transistors, diodes, and integrated circuits to control and amplify the flow of electric current and to convert it from one form to another, such as from alternating current (AC) to direct current (DC) or from analog signal, analog signals to digital signal, digital signals. Electronic devices have significantly influenced the development of many aspects of modern society, such as telecommunications, entertainment, education, health care, industry, and security. The main driving force behind the advancement of electronics is the semiconductor industry, which continually produces ever-more sophisticated electronic devices and circuits in respo ...
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Lotus Elan
Lotus Elan is the name of two separate ranges of automobiles produced by Lotus Cars. The first series of cars was produced between 1962 and 1975 as a rear-wheel drive vehicle. The second series was produced between 1989 and 1995 as a front-wheel drive vehicle. Timeline The first range of cars (1962–1975) comprised: * Two seater sports cars: ** Lotus ''Type 26'' drop head coupé (DHC) marketed as the Elan 1500, Elan 1600, and Elan S2 (Series 2). ** Lotus ''Type 36'' fixed head coupé (FHC) marketed as the Elan S3, the Elan S4 and, lastly, in a higher performance model, the Elan Sprint. ** Lotus ''Type 45'' drop head coupé, replacing the Type 26, delivered in parallel with the Type 36 in S3, S4 and Sprint form. ** Lotus ''Type 26R'' racing version of the Type 26. * Four seater sports car (rear seats suitable for children): ** Lotus ''Type 50'', fixed head coupé, marketed as the Elan +2. After the S2 was released the original Elan 1500 and Elan 1600 models were typically refer ...
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Lotus 15
The Lotus 15 is a front-engine sports racing car designed by Colin Chapman of Lotus, built from 1958 until 1960. Series 1 The 15 is a two-seater, front-engine, rear wheel drive sports racer with an aluminium body over a space frame configuration. As opposed to the six cylinder Bristol 2L engine in its predecessor Lotus Mk.X, the Mk.15 was designed with a dry-sump, all aluminium, DOHC four cylinder Coventry Climax FPF engine of 1.5 to 2.5 Litre displacement built for Formula Two and Grand Prix racing, mated to Lotus' own 5 speed sequential transaxle nicknamed ' Queerbox'. It was designed in 1957, and the production began in late 1957. The spaceframe was similar to Lotus Eleven except for the Chapman strut rear suspension with inboard brakes and the accommodations for a larger engine, which included a slightly (7.5 degrees) tilted engine mounting space on the plan view, shifted to the right of the centerline in the front and left at the rear of the engine. This arrangement gave a ...
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Employment Contract
An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain. The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century. Employment contracts rely on the concept of authority, in which the employee agrees to accept the authority of the employer and in exchange, the employer agrees to pay the employee a stated wage (Simon, 1951). Terminology A contract of employment is usually defined to mean the same as a "contract of service". A contract of service has historically been distinguished from a contract for services (contract for the supply of services). The differing terminology implies a dividing line between a person who is "employed" and someone who is "self-employed". The purpose of the dividing line is to attribute rights to some kinds of people who work for others. This could be the right to a minimum wag ...
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Lotus Cars
Lotus Group (also known as Lotus Cars) is a British multinational automotive manufacturer of luxury sports cars and electric vehicles. Lotus Group is composed of three primary entities. Lotus Cars, a high-performance sports car company, is based in Hethel, Norfolk. Lotus Technology Inc. (), an all-electric lifestyle vehicle company, headquartered in Wuhan, China, and operates regional facilities in the United Kingdom, the Netherlands, and Germany. Additionally, Lotus Engineering, an engineering consultancy firm, is headquartered at the Lotus Advanced Technology Centre (LATC) located at the University of Warwick, University of Warwick's Wellesbourne Campus. Lotus was founded and owned for many years by Colin Chapman. After his death and a period of financial instability, it was bought by General Motors, then Romano Artioli and then DRB-HICOM through its subsidiary PROTON Holdings, Proton, which owned Lotus from 1996 to 2017. Lotus is currently majority-owned by Chinese multinat ...
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Colin Chapman
Anthony Colin Bruce Chapman (19 May 1928 – 16 December 1982) was an English design engineer, inventor, and builder in the automotive industry, and founder of the sports car company Lotus Cars. Chapman founded Lotus in 1952 and initially ran Lotus in his spare time, assisted by a group of enthusiasts. His knowledge of the latest aeronautical engineering techniques would prove vital towards achieving the major automotive technical advances for which he is remembered. Chapman's design philosophy focused on cars with light weight and fine handling instead of bulking up on horsepower and spring rates, which he famously summarised as "Adding power makes you faster on the straights. Subtracting weight makes you faster everywhere." Team Lotus won seven Formula One Constructors' titles, six Drivers' Championships, and the Indianapolis 500 in the United States, between 1962 and 1978 under his direction. The production side of Lotus Cars has built tens of thousands of relativ ...
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Team Lotus
Team Lotus was the motorsport sister company of English sports car manufacturer Lotus Cars. The team ran cars in many motorsport categories including Formula One, Formula Two, Formula Ford, Formula Junior, American Championship Car Racing, IndyCar, and sports car racing. More than thirty years after its last race, Team Lotus remained one of the most successful racing teams of all time, winning seven Formula One List of Formula One World Constructors' Champions, Constructors' titles, six List of Formula One World Drivers' Champions, Drivers' Championships, and the Indianapolis 500 in the United States between 1962 and 1978. Under the direction of founder and chief designer Colin Chapman, Lotus was responsible for many innovative and experimental developments in critical motorsport, in both technical and commercial arenas. The Lotus name returned to Formula One in 2010 as Tony Fernandes's Team Lotus (2010–2011), Lotus Racing team. In 2011, Team Lotus's iconic black-and-gold liv ...
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Portmanteau
In linguistics, a blend—also known as a blend word, lexical blend, or portmanteau—is a word formed by combining the meanings, and parts of the sounds, of two or more words together.Garner's Modern American Usage
p. 644.
English examples include '' smog'', coined by blending ''smoke'' and ''fog'', and '''', from ''motor'' ('' motorist'') and ''hotel''. A blend is similar to a
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Mercedes-Benz In Formula One
Mercedes-Benz, a German luxury automotive brand of the Mercedes-Benz Group, has been involved in Formula One as both team owner and engine manufacturer for various periods since 1954. The current Mercedes-AMG Petronas F1 Team is based in Brackley, England, and holds a List of Formula One constructors#Team's nationality, German racing licence. An announcement was made in December 2020 that Ineos planned to take a one third equal ownership stake alongside the Mercedes-Benz Group and Toto Wolff; this came into effect on 25 January 2022. Mercedes-branded teams are often referred to by the nickname, the "Silver Arrows" (). Before the Second World War, Mercedes-Benz competed in the European Championship (auto racing), European Championship, winning three titles. The marque debuted in Formula One in . After winning their first race at the 1954 French Grand Prix, driver Juan Manuel Fangio won another three Grands Prix to win the 1954 Drivers' Championship and repeated this success in ...
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Scuderia Ferrari
Scuderia Ferrari (; ), currently racing under Scuderia Ferrari HP, is the racing division of luxury Italian auto manufacturer Ferrari and the racing team that competes in Formula One racing. The team is also known by the nickname "the Prancing Horse" ( or simply ), in reference to their logo. It is the oldest surviving and List of Formula One Grand Prix winners (constructors), most successful Formula One team, having competed in every World Championship since . The team was founded by Enzo Ferrari in 1929, initially to race cars produced by Alfa Romeo. By 1947, Ferrari had begun building its own cars. Among its important achievements outside Formula One are winning the World Sportscar Championship, 24 Hours of Le Mans, 24 Hours of Daytona, 12 Hours of Sebring, 24 Hours of Spa, Targa Florio, and Mille Miglia. Its customers have also secured victories at events including Petit Le Mans, Nürburgring 24 Hours, Bathurst 12 Hour, and Carrera Panamericana. The team is known for its ...
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Formula One
Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one of the world's premier forms of motorsport since its 1950 Formula One season, inaugural running in 1950 and is often considered to be the pinnacle of motorsport. The word ''Formula racing, formula'' in the name refers to Formula One regulations, the set of rules all participant cars must follow. A Formula One season consists of a series of races, known as List of Formula One Grands Prix, Grands Prix. Grands Prix take place in multiple countries and continents on either purpose-built List of Formula One circuits, circuits or closed roads. A List of Formula One World Championship points scoring systems, points scoring system is used at Grands Prix to determine two annual World Championships: List of Formula One World Drivers' Champions, one ...
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