A wood lathe includes a bed, a headstock mounted on the bed and having a headstock housing, a motor mounted in the headstock housing and having a driving shaft with opposite first and second output ends, a spindle journalled to the headstock housing, a first transmission interconnecting the first output end and the spindle, a cooling fan disposed in the headstock housing for cooling the motor and including a driven shaft that is journalled to the headstock housing, and a second transmission interconnecting the second output end and the driven shaft so as to permit rotation of the driven shaft when the motor is actuated, which, in turn, cools the motor.