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Joined: Jul 2007
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Member of the Inner Circle
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Member of the Inner Circle
Joined: Jul 2007
Posts: 26,748 Likes: 419 |
He rightly spots a major sales constraint in my opinion as they have out priced the trad owners generally who want to upgrade. I have the cash but frankly don't think the difference is worth the money.
“When people ask me who is your competitor: it’s Morgan,” Fumarola says. “Our competitor is a used Morgan. We are competing with ourselve
JohnV6 2022 CX Plus Four 2025 MG ZS EV aka Trigger
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Jon G4LJW |
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Talk Morgan Regular
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Talk Morgan Regular
Joined: Mar 2011
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At 1000 cars that's circa £100m plus say 300 3 wheelers another £20m. So to keep under the 1000 car limit it's a £130m t/o company. say 15% margin - £20m. It's a "peanuts" company. And that assumes engines will be available through the 2030s. They will have to go electric to attempt to survive.
1980 +8 Blue And a few others ---------------- Stephen
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Joined: Dec 2018
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Talk Morgan Regular
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Talk Morgan Regular
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Thanks Nick. I agree with everything everyone has said. And that assumes engines will be available through the 2030s. They will have to go electric to attempt to survive. That is what Frontline think and they are smaller than Morgan. I just don't understand why it would be so hard for Morgan to just build this like they did 11 years ago, it seems perfect to me. https://www.caranddriver.com/news/a...orts-five-speed-manual-geneva-auto-show/I also wonder what the UK Government think, to build the Morgan Plus E they gave Morgan a grant, then I remember in 2016 another grant that was quite large to build EV's was given to Morgan. That didn't happen in Morgan's words due to being let down by other partners. But I expect the money was still used, I would not be surprised if that was the R&D budget for the CX Chassis.
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Joined: Jun 2019
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Talk Morgan Regular
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Talk Morgan Regular
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Lighter cars and EV seem to be opposites, but the efficiency increases of the motors and batteries continues. There is more and more focus on these areas. Opposites now, but in a few years? 10 years? AN EV from Morgan under 1500 pounds? Not today, but maybe someday?
It all starts at the beginning and improves from there.
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Joined: Sep 2015
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Has a lot to Say!
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Has a lot to Say!
Joined: Sep 2015
Posts: 1,326 Likes: 11 |
Lighter cars and EV seem to be opposites, but the efficiency increases of the motors and batteries continues. There is more and more focus on these areas. Opposites now, but in a few years? 10 years? AN EV from Morgan under 1500 pounds? Not today, but maybe someday?
It all starts at the beginning and improves from there. There's a step change in batteries coming in +/- 2 years, and another by the end of the decade (Toyota are targeting a solid state battery EV in 2027 that'll add meaningful charge in 10 minutes) More energy dense & faster-charging batteries will (you'd think!) lead to smaller & lighter batteries that offer useable range.
Formerly Aero S5 #80 Currently 911 (992) Targa in python green
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Joined: Oct 2019
Posts: 5,046 Likes: 313
Charter Member
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Charter Member
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Posts: 5,046 Likes: 313 |
Still doesn't address the EV problem of them being bland and unengaging .... especially for something pitched as a real 'sports car' .... those of us raised on exploding dinosaurs in a box for propulsion will need something pretty special to convert them ....I know they have blinding acceleration ... but that was never what a sports car was really about ... good performance, yes, but far more to it than that .... I'd soon tire of quoting the 0-60 time to people as an alternative to an engaging drive that made me smile just reversing out of the garage.
K
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Joined: Nov 2018
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Talk Morgan Sage
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Talk Morgan Sage
Joined: Nov 2018
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My Mrs eGolf has a 0-60 of 6.6 secs. Phenomenal acceleration but that's where the fun ends....
1972 4/4 4 seater, 1981 MGB GT 1984 Harley Davidson Electra Glide, 1990 Kawasaki ZX10
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Learner Plates Off!
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Learner Plates Off!
Joined: Nov 2012
Posts: 251 Likes: 14 |
Would it be possible for those who have experience of cars with electric drive trains to say what it is that makes them bland and un-engaging? (i have not had the opportunity to drive any such cars). To be honest, I find my modern SEAT Leon, although a truly brilliantly engineered car, rather bland and un-engaging. despite its 140 bhp supercharged and turbocharged 1.4 petrol engine. It handles very sensibly, goes exactly where you point it and happily laps up mile of mile of good or bad roads. But it's not fun. So I'm not sure the thing that generates driving pleasure is related to whether it is an ICE or not, there are plenty of ICE cars that are sensible but not much fun (as in my Leon).
Or is it the way that an electric drive train delivers its power and torque that makes it un-involving? I would have (naively admittedly) thought that if the power/torque is delivered to the wheels in the appropriate manner it does not really matter whether that power/torque originated from burning petrol/diesel/hydrogen/LPG or moving electrons about in a battery? It does not seem to be a universal rule that electric cars are too heavy, and indeed they often have low c of g's so shouldn't be impossible to design electric cars that are as exciting to drive as ICE cars? And does the suspension components and steering geometry know whether the car is electrical or petrol driven? Surely not - so why is not possible to design an electrical car with interesting and involving handling?
Dave Blue 4/4 1969, Green +4 1953, (different) Green +8 1977
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Wave & smile... It's a Morgan Member of the Inner Circle
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Wave & smile... It's a Morgan Member of the Inner Circle
Joined: Jun 2014
Posts: 11,610 Likes: 43 |
Thanks for posting the transcript Nick W
He is right about the biggest competitor to Morgan is a pre-owned Morgan
I’ve heard this recently from a contact from a Morgan dealer in that new Morgan owners just aren’t keeping them any length of time so they are coming on to the market really quickly. A glut of second hand nearly new Mogs is slowing new factory orders
The rest about making a Morgan different and more analogue, mote fun to drive, more handmade while giving greater comfort, more Versatility is just nonsense marketing speak. He’s describing a handmade Merc SLK or a Porsche, good luck with the Morgan automatic electrically operated hood and roof!!
MMC’s investors just want to sell as quickly as possible with as large a return as possible so they’ll try to open oversees markets as quickly as they can and get selling new cars and try and try to show an upward growth trajectory with high potential
2008 XXVII Platform, Bugatti Blue Roadster 4 Seater
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Joined: Jun 2022
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Learner Plates Off!
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Learner Plates Off!
Joined: Jun 2022
Posts: 401 Likes: 42 |
I’ve heard this recently from a contact from a Morgan dealer in that new Morgan owners just aren’t keeping them any length of time so they are coming on to the market really quickly. A glut of second hand nearly new Mogs is slowing new factory orders MMC should be asking themselves why new Morgan owners are selling on. Are they making a profit due to the long waiting list?
1956 Plus 4 4 seater
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