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Thread: Morgan to be bought by Italians

  1. #1
    Super Moderator Ian D's Avatar
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    Morgan to be bought by Italians

    An Italian investment fund is about to purchase a majority controlling stake in Morgan, one of the oldest British car companies still in existence.

    https://amp.theguardian.com/business...-motor-company
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    Senior Member mac_doctor's Avatar
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    Brings to mind the old "built by robots, driven by Italians" advert (from Not The Nine O' Clock News), for some reason!.
    Chris. T.
    2000 XK8 4.0 Coupe
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  3. #3
    Senior Member Fraser's Avatar
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    I can see this ending badly. Most "investment" funds want a quick buck and out. The way it works is - take a big stake, (or all), by paying off shareholders with borrowed money. Pile in yet more debt and pay yourself huge salaries and dividends from that money. Get out using a public share offer. Company then collapses soon after under the massive debt burden.
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    Senior Member johnandhisjags's Avatar
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    Junior Member nigelrw's Avatar
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    Past Cars
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    I did a factory tour and test drive a few years ago. Couldn’t believe how ‘crude’ the manufacturing process was, but if you want a car made in the old fashioned way...

    The test drive was in an aero 8, absolute hoot to drive but totally impractical. E.g wooden doors, exhaust just below my right elbow. But a bmw 4.7 v8 made it go like stink, with rock hard suspension....

    Who has bought a 3 wheeler? Motorbike 2.0 2 cylinder matched to mx5 gearbox driving rear wheel. But wooden floor boards?
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    Senior Member Jimbov8's Avatar
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    And it will only have one gear..............reverse.

    .
    Jim.
    2012 XKR Black pack, Speed Pack, Aero pack, Rat pack. Past:-87'XJS 3.6L, 93'XJ40 3.2L gold, 95'XJ6 4.0L sport, 00'XJ8 3.2L sport, 2005 XK8 4.2L coupe, 2009 XK 5.0L Portfolio in that order and enjoyed all of 'em.

    I do not offer advice, I only say what I would do with the set of circumstances presented. Your choice always.

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