Simplify the following text for a Grade 8 native English-speaking person.
Original: In September , 2004 Ford announced that it was selling Cosworth , along with Cosworth Racing Ltd and its Jaguar Formula One team . On 15 November 2004 , the sale of Cosworth was completed to Champ Car World Series owners Gerald Forsythe and Kevin Kalkhoven They are the current owners of the Cosworth Group .
Simplified: In 2004 , Cosworth and Pi Research were sold by Ford to the current Cosworth Group owned by Gerald Forsythe and Kevin Kalkhoven .