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Morgan Motor Company accelerates car development by selling to Italian investor

March 14, 2019

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

Sports car manufacturer Morgan Motoring Company will be acquired by Italian investment group Investindustrial next month on undisclosed terms. The investment was made without financial debt and Morgan will have a positive net cash position upon closing of the transaction in April.

Family-run motor company flourishes

August 23, 2010

Despite wider problems in the global automobile industry, classical carmaker Morgan Motor Company has recorded strong results, as demand for its iconic convertible remains strong.

According to a report in the Financial Times that cited Company House numbers, the Malvern, Worcestershire-based company saw full-year 2009 pre-tax profit treble to £661,209 on turnover of £26.8m, up from £22.1m the year before.

Morgan heads for centenary with green sports car

August 4, 2008

The Morgan Motor Company, the world’s oldest family car company, has received the backing of John Hutton, the UK Secretary of State for Business and Enterprise.

The Morgan Motor Company, the world's oldest family car company, has received the backing of John Hutton, the UK Secretary of State for Business and Enterprise.

Visiting the company's HQ to cast his eyes over the LIFECar – a low carbon sports car Morgan is developing in collaboration with some of the top universities in the UK – the minister paid tribute to the iconic family business.