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TBM #765213 22/12/22 11:17 PM
Joined: Oct 2019
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Originally Posted by TBM
I had an AMF SS125. Cracking little bike....


But that was Italian through and through ... AMF were represented solely by the tank decal

Never owned one but the Aermachi 'Harleys' were fine bikes of their time according to pals who had them both 2 and 4 strokes .... the company was sold off to Cagiva and the bikes stayed in production.

K

petemog #765214 22/12/22 11:17 PM
Joined: Dec 2018
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I think it is a good thing that Lawrence Price has a family history and been on the board since 2012. Hopefully he learnt something about the companies history in the last 10 years

After 40 years I feel Retirement is more appropriate that resignation and I wish Steve a long and happy retirement. After joining at 16 in 1983 he must be about 56, assuming he is financial enough it is the perfect age to retire. Also hopefully he has a Morgan to enjoy.

In 1985 after finishing my degree I joined the Australian Government as a Computer Programmer and was left in the library for a week while they decided what area needed me. While sitting there I read a pamphlet on the working conditions etc. including superannuation and retirement. The rules back then was you could retire between 55 and 65 collecting a pension based on your contributions, final salary and years worked. The interesting part was a study that showed that people in that super fund who retired at 55 lived on average 18 years until 73 and people who retired at 65 lived on average 9 months. Life expectancy has gone up since then but the difference is startling.

Based on that retiring at 55 makes the most sense. I retired at 55 once I could start my pension but then went back soon after and so far have worked for another 3.5 years, the money is handy and certainly helped pay for the renovations at my sons house but a little voice keeps telling me to quit and enjoy retirement before it gets too late and I end up with only 9 months retirement.

petemog #765215 22/12/22 11:18 PM
Joined: Jul 2007
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I don't. We need a thriving MMC


JohnV6
2022 CX Plus Four
2025 Renault Scenic Alpine etech "Yvette"
petemog #765223 23/12/22 07:56 AM
Joined: Feb 2013
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Learner Plates Off!
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Learner Plates Off!
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Originally Posted by Lordofthewings
Originally Posted by bilibib
Do you think Mr Morris will still be there in 12 months time ? I don't

I give him 6 months, before he walks or is pushed.

According to that Autocar feature, “Morgan currently makes around 800 cars per year”, and “it sold a stellar 680 last year” even with the 3 Wheeler out of production. "The 70% of Morgans that go for export are distributed in 70 markets".

So some simple maths means that in the most recent year (calendar year we assume), 680x30% = around 200 cars were sold into the UK market. Call that 4 a week on average, or more realistically in a 6-month “summer season” that would be 8 a week. Across say 15 UK dealers that’s an average of one car per dealer per fortnight. What’s the dealer margin I wonder ? And what effect has the not inconsiderable overhead of the S.Kensington "Morgan Works London" had ?

I understand about the corporate expansion plans, and the role of the Super 3. However my guess is that Peter Morgan and even Sir John Harvey Jones will each be turning in their respective graves. I hope I am proved wrong.




Well you weren't, I was


Owen
"bilibib"
1982 4/4 Twin Cam, Royal Ivory
1932 Super Sports, Duo tone(two tone)Green
Jono #765224 23/12/22 08:53 AM
Joined: Apr 2014
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Talk Morgan Sage
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Originally Posted by Jono
I bet you veterans could rather dislike the new breed of Morgan owners🙈🤷‍♂️

Don't worry, they (Morgan owners) are usually a very friendly bunch!


Best Regards
Lang may yer lum reek
TBM #765229 23/12/22 09:44 AM
Joined: Feb 2016
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Needs to Get Out More!
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Needs to Get Out More!
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Originally Posted by TBM
I wish Morris well in his retirement, and Price every success in his new role.

There are many here that seem to view everything as a portent of Morgan doom. I imagine it has always been thus throughout Morgan history everytime there's been a slight change........


Historically I agree regarding the harbinger of doom comment, but this is just one of very many recent "slight" changes.

Despite little or no bad press on current CX based models, the owners findings, recalls, unrealistic price increases and still no definitive fixes to long ongoing faults don't spell a healthy future. Regular changes and additions to MMC hierarchy and seemingly poor dealer support do absolutely nothing to improve this view, sad though it is.


Richard

2018 Roadster 3.7
1966 Land Rover S2a 88
2024 Royal Enfield Guerrilla 450
1945 Guzzi Airone
Jono #765231 23/12/22 10:09 AM
Joined: Mar 2009
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Smile, it confuses them
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I was on TM when Charles exited the building and a lot of the sentiment was doom. Steve did a good job in an increasingly harsh regulatory climate. That's not meant as a slight on Charles. The cars did improve and the market approach definitely improved to bring in fresh new customers. The next 5-10 years will be a tighter economic period which will cast a different shadow to the easy money low APR finance. I know VC money out there has changed it's mood significantly.

As mentioned most of the people on the board keep their cars way longer than average so as a manufacturer keeping the staff busy they need to expand the pool of customers to keep the factory working. I think the period Steve was at the helm will show well on the history books.

Also lets not forget that Morgan is a small team and still quite heavily staff motivation dependant. It is the whole team that has got behind the business, I can see a lot of Steve's energy in that so credit to them all.

I wonder what he will do next. I would imagine the variety and urgency of the role will have spun him up to quite a pressure. There are very few jobs out there that will get his pulse racing to quite the same level? Mind you I hear there is one going at Aston Martin at the moment - not so far away, nice company car to commute in?

I know when I left a very fast moving US startup after 6 years it took me some time to unwind. That's when we took the Coupe and spent a couple of months rumbling around Europe. I can recommend some nice hotels if he wants to try it!

It's not unusual to see the boss go after a change like this. In some cases it is healthy as the new owner is able to get on with it. It is unreasonable to say II are only interested in cash stripping and flipping, until proven otherwise. The bigger scare is if we see the other leadership walk. That means trouble at mill.

I would expect (please correct me if you know otherwise) that the Super3 and CX were done during Steve's time so II get to see the benefits of the teams work. How would I judge the potential future, I watch the fundamentals.

Do they have plans, are they sharing them publicly to show commitment.
Are they placing long term people to take it the next 20 years (worry)
How many years out are they preparing for, with detail.
What is their planned investment moving forwards, turmoil in the car space needs preparation. BEV, Safety etc.

The rest can lead to speculation. This is definitely becoming a bigger inflection point for Morgan. If they carry it through then it could be great, if they blink it could be a strangle point.

Sorry - that got too long.


Everyone loves a Morgan. Even me, unless it's broken again.
petemog #765233 23/12/22 11:22 AM
Joined: Oct 2008
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Goodwood Drifter
Talk Morgan Addict
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Goodwood Drifter
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I simply loved what he did FOR Morgan and how gentle he is

@Steve; all the best!!!!


Steven
sold: M3W, Aeromax,V6, 4/4 4seater
now: +fourLM62
petemog #765234 23/12/22 11:25 AM
Joined: Aug 2013
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Formerly known as Aldermog
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@Steve, if you are following us, thanks for everything and for the memories.


Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...

petemog #765248 23/12/22 12:43 PM
Joined: Mar 2014
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Talk Morgan Enthusiast
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This from LinkedIn. On the face of it he doesn't appear to be a car guy. Could be wrong.
[Linked Image]


Andy
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