Majority Stake Of Morgan Sold To Italian Investment Group

The Morgan Motor Company sold a majority stake to Italian investment group Investindustrial, marking it the first time in the brand’s 110-year-old history that the small manufacturer isn’t controlled by the Morgan family.

The financial details of the transaction were not disclosed, as the deal is to be completed in April. The Morgan family will retain a minority stake and for the first time, management and staff will also get a share in the business.

PUGPROUD - 3/7/2019 2:50:54 PM

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Wow! Didn't see that coming though after Aston, Lotus, Bentley and RR should have.

CANADIANCOMMENTS - 3/7/2019 5:11:38 PM

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I wonder if this new model will be sold in North America. With tiny doors, I suspect it will have to come in very low volumes to qualify for a special vehicle program.

MDarringer - 3/7/2019 7:07:38 PM

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Morgans are not as magical as people who have never driven one think.