https://www.bmmagazine.co.uk/news/class ... ment-firm/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.
Morgan Motor Company to be bought by an Italian investment firm.
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bindeweede
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Morgan Motor Company to be bought by an Italian investment firm.
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Tony.Williams
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Re: Morgan Motor Company to be bought by an Italian investment firm.
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.
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Tony.Williams
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bindeweede
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Croydon13013
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Re: Morgan Motor Company to be bought by an Italian investment firm.
McLaren are much bigger than Morgan. Turnover of almost £1billion a year. But are Middle-East owned.
thIS sIGnaTure iS an
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Tony.Williams
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Re: Morgan Motor Company to be bought by an Italian investment firm.
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.