Talk Morgan Forums Community The Malvern Arms East African Safari Rally Morgan’s

Perhaps. But with the Balance Sheet you see now, what would have happened if the Family had still owned the Company during the CX recalls?

gmg

Speculation not facts, there are others out there willing to invest I'm sure that would have treated it more seriously and not as a play thing/toy as you said..

You forgot the massive ongoing M3W recalls/repairs..

I think it's a paradoxical situation. Perhaps we should be grateful that the Bonomis are investing their money in Morgan because they can afford it and are obviously having fun with it. Other investors, who perhaps think more rationally and have nothing to give away, would probably not have bitten. But without investors it would have been the end of MMC. So...one chance, still.

Sounds like the most logical guess.

gmg

Of course it is speculation. Please disbelieve anything you want. But can you interpret the statements in any other way?


You have the advantage on me. I do not have a copy of the government filed recalls on the M3W. Can you direct me to them please?
Wasn't the major fault fix for the M3W presented as a performance upgrade? We straying from the subject and my question to you.
In any event, as far as can been seen, it all turned out as best as could have been hoped

If I may dream and fantasise a little. Firstly, I don't know how far the development of the CX models had progressed before the Bonomis took over MMC. But somehow I have the impression that they are holding up a mirror to the company with this breathtaking Plus8 developed for the Rally. In just three cars they are investing in a development that could have outlived the entire Trad series. I know, modern engines have to fit in etc. They might even have come up with an evolutionary improvement for the rear axle. All in all, I can't help thinking that the Bosonis have a thing for the Trads.
This is not to say that the CX models are not well adapted to our times once the teething troubles have been sorted out. But the Bonimi approach would have been much cheaper.

They were finished cars and being sold.

From a fading memory, I recall II beginning its due diligence in the last month or two of 2018. Companies House shows the key people of the previous regime resigning as "persons of significant control" (a legal term) on February 15, 2019. The Plus Six was presented to the world at the Geneva Show 2019 on March 7, 2019. The last regime's directors resigned on April 3/4, 2019.

gmg

Don't forget that for a large group of companies it may be advantageous to have a part of the group that is actually a loss maker for tax purposes. The game is to move profits to a low tax regime and losses to a high tax regime.

Do you mean they planned the CX brake and radiator problems as a tax strategy? Cunning.

I do wonder if the 'resignation' of Steve Morris and the handling of the Plus Cars brake fiasco were linked?