Morgan has sold a majority stake to Italian investment group Investindustrial, which has owned 31% of Aston Martin since 2012. The two investments are entirely separate, Investindustrial stressed.
The Morgan family will remain as ‘stewards of the brand’ and retains a minority stake in the 110-year-old business. Investindustrial says it will be ‘respectful of and remain true to the company’s unique heritage’, and confirmed that ash wood ‘remains central’ to its strategy. Employees will receive shares, and Peter Morgan’s daughter Jill Price said the deal secured the long-term future of Morgan. Its new Plus 6 was unveiled at Geneva in March, the first model built using the CX-Generation aluminium-bonded platform.