Motor: Morgan Family and Motor Mouths

motor: Motor Mouths an audiovisual guide to the UK car industry in pictures Read more It did not disclose the value of the takeover, announced after the unveiling of its Plus Six model at the Geneva Motor Show on Tuesday but managers and the workforce will have a stake in the business, according to The Guardian. The Morgan family will continue to represent the brand and retain a minority stake after the scheduled completion of the deal in April. The 110-year-old classic sports car firm, based in Malvern, Worcestershire, said it had sold a majority holding to Italy's Investindustrial, which owns stakes in a broad range of auto brands, including Aston Martin and the motorbike maker Ducati. Founded in 1909, Morgan is one of the last car companies still under British ownership. It reported revenues of 33.8m in 2018 and an after-tax profit of 3.2m. It sells about 700 handmade sports cars with buyers sometimes forced to join a waiting list that can last six months. (news.financializer.com). As reported in the news.