Morgan Motor Company to be bought by an Italian investment firm.

Post Reply
User avatar
bindeweede
Site Admin
Posts: 3568
Joined: Sun Oct 25, 2015 3:45 pm
Location: Hertfordshire, UK

Morgan Motor Company to be bought by an Italian investment firm.

Post by bindeweede » Wed Mar 06, 2019 11:38 am

Founded in 1909, Morgan is one of the last car companies still under British ownership. It sells about 700 handmade sports cars , with buyers sometimes forced to join a waiting list that can last six months. It reported revenues of £33.8m in 2018 and an after-tax profit of £3.2m.
https://www.bmmagazine.co.uk/news/class ... ment-firm/

Tony.Williams
Posts: 998
Joined: Mon Jul 25, 2016 8:05 am
Location: Still somewhere in England
Contact:

Re: Morgan Motor Company to be bought by an Italian investment firm.

Post by Tony.Williams » Wed Mar 06, 2019 1:01 pm

I am trying to think of any British-owned car company still in operation. Caterham came to mind, but they were bought by a Malaysian businessman some years ago. Certainly if there are any, they are something very specialised with negligible sales.

Matt
Posts: 903
Joined: Sun Oct 25, 2015 7:50 pm

Re: Morgan Motor Company to be bought by an Italian investment firm.

Post by Matt » Tue Mar 12, 2019 9:07 am

McLaren ?

Tony.Williams
Posts: 998
Joined: Mon Jul 25, 2016 8:05 am
Location: Still somewhere in England
Contact:

Re: Morgan Motor Company to be bought by an Italian investment firm.

Post by Tony.Williams » Tue Mar 12, 2019 8:36 pm

Matt wrote:
Tue Mar 12, 2019 9:07 am
McLaren ?
Yep - "very specialised with negligible sales" ;)

User avatar
bindeweede
Site Admin
Posts: 3568
Joined: Sun Oct 25, 2015 3:45 pm
Location: Hertfordshire, UK

Re: Morgan Motor Company to be bought by an Italian investment firm.

Post by bindeweede » Tue Mar 12, 2019 10:15 pm

TVR still seems to be British owned, but high-end - £90,000ish.

https://en.wikipedia.org/wiki/TVR

Croydon13013
Posts: 1447
Joined: Sun Oct 25, 2015 7:48 pm

Re: Morgan Motor Company to be bought by an Italian investment firm.

Post by Croydon13013 » Wed Mar 13, 2019 10:53 am

Tony.Williams wrote:
Tue Mar 12, 2019 8:36 pm
Matt wrote:
Tue Mar 12, 2019 9:07 am
McLaren ?
Yep - "very specialised with negligible sales" ;)
McLaren are much bigger than Morgan. Turnover of almost £1billion a year. But are Middle-East owned.
thIS sIGnaTure iS an

Tony.Williams
Posts: 998
Joined: Mon Jul 25, 2016 8:05 am
Location: Still somewhere in England
Contact:

Re: Morgan Motor Company to be bought by an Italian investment firm.

Post by Tony.Williams » Wed Mar 13, 2019 12:02 pm

You are right - I wasn't aware that McClaren sold so many cars (4,800 last year). Morgan seem to sell only about 500 per year.

Post Reply