I'm not sure your calculations are all profit Krod. Whilst I am sure Morgan would dearly love to earn that sort of money, I would take an educated guess that the net profit that Morgan make would be nearer £2,500 per car, which I believe is good for this type of vehicle, so, sadly, Morgan will only be making profits of just over two million pounds off their existing order book on three wheelers, which, it seems they are hoping to fulfil in the next 12 months.
So not half bad, but not quite as good as the headline figures would suggest.
The big question of course, is what took them so long to think of the idea?
Yes, My number was net sales, not net earnings. I wasnt including running costs or other expenses which would obviously bring their bottom line down further than the numbers I quoted.
Also, Morgan didnt come up with the idea, Pete Larsen did and Morgan purchased the rights for producing the car and changed it to fit more with the Morgan styling.
