New Morgan CEO is ex-Lamborghini projects boss; Steve Morris becomes executive chairman
It currently makes around 850 cars annually, 70% of which are exported.
It has 70 official dealers selling in 32 countries but aims to expand production to around 1500 units over the next few years.For many years, successive Morgan managements did fundamentally the same thing: made cars with an endearingly familiar look and specification, trading happily on the market’s well-developed sense of nostalgia and updating the specification now and again when sales needed a boost.
In recent years, this simple life hasn’t been possible, first because the onrush of safety and clean air legislation has brought a regular need for much more fundamental updates; lately and even more urgently because all cars, even Morgans, will soon have to change to hybrid or electric power. The arrival of Massimo Fumarola as Morgan’s new CEO seems to have happened mostly because, as the company faces greater challenges than ever before, Steve Morris’s dual-role workload has simply become infeasibly high.
Anyone who has recently witnessed his high-stress regime would think the same, although it's also likely that Morgan’s Italian owners are also keen to have one of their “own people” at the centre of power.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Walgreens CEO Roz Brewer was the highest paid female CEO in 2021, according to a new reportWalgreens CEO Roz Brewer was the highest paid female chief executive in 2021, according to a new Equilar study.
Weiterlesen »
Amanda Holden hosts ex ITV stars including Piers Morgan at intimate dinner partyBritain's Got Talent judge Amanda Holden threw a star-studded dinner party at her Surrey home on Friday night featuring some of her former ITV pals
Weiterlesen »
Piers Morgan Stands by Claim Trump Walked Off of Interview Despite AudioFox Nation host Piers Morgan said Sunday on FNC's 'Media Buzz' that former President Donald Trump did walk out of his interview, which is set to air on his new show 'Piers Morgan Uncensored' on Monday. | Clips
Weiterlesen »
Eurozone GDP now seen at 2.7% in 2022 vs. 3% previous – Morgan StanleyAnalysts at Morgan Stanley revised down their forecasts for Eurozone GDP growth this year and the next, in the latest note published Monday. Key quote
Weiterlesen »
Morgan Wallen Makes Historic Hot Country Songs Chart Entrance With ‘Don’t Think Jesus’Morgan Wallen becomes the first artist to score a trio of No. 1 debuts on Billboard‘s airplay-, streaming- and sales-based Hot Country Songs chart since the survey began as an all-encompassing genre ranking in October 1958.
Weiterlesen »