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Thread: Morgan to be bought by Italians

  1. #1
    Super Moderator Ian D's Avatar
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    Nov 2008
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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.
    Current Car:
    2017 XE R-Sport 25t 250Ps 18MY.

    Previous Cars:
    2000 S-Type 3.0L SE Auto
    2004 X-Type 3.0L AWD SE Auto estate.
    2007 XK x150 4.2L Coupe

    Resident Super Moderator.
    V6 X-Type Oil Sump Replacement Guide

  2. #2
    Senior Member mac_doctor's Avatar
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    Oct 2012
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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
    2010 XJ SWB 3.0D Portfolio. With TVs. Lots of TVs.

  3. #3
    Senior Member Fraser's Avatar
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    Jun 2010
    Crewe, Cheshire, UK
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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.
    Fleet manager (!!) of: -
    XE Portfolio 180 AWD 2017
    VW New Beetle 2009
    MG Midget 1500 1977
    MG TF 135 2010

  4. #4
    Senior Member johnandhisjags's Avatar
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    Feb 2014
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  5. #5
    Junior Member nigelrw's Avatar
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    May 2012
    Somerset, UK
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    Past Cars
    Pre-HE XJS (1978 ), Series 3 XJ6 4.2 (1986), Xj40 4 litre (1990), XJ40 3.2 sport (1991), XJS HE V12 (1986), 2.7D "S" Type (2007),Bentley Turbo R (1996), Discovery 3.9 (1996), Ford Scorpion 2.9 (1996), Ford Granada MK2 2.8 (1987), Vauxhall Cavalier MK1 GLS coupe (1978 )

    Current Cars
    XJ X350 3.0 (2005), XKR X150 (2007), Range Rover p38 4.6 (2001), SLK 2.3 (2004)

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  7. #6
    Senior Member
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    Feb 2010
    extreme west of west mids
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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?
    XF MY15.5 3.0d S Portfolio Stratus Grey with Ivory interior.

  8. #7
    Senior Member Jimbov8's Avatar
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    Apr 2013
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    And it will only have one gear..............reverse.

    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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