Car Maker sold

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05-03-2019, 03:57 AM

#11

tiger1964

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Quote:

Originally Posted by Chuck S

Pretty sure the Morgan family lost control of the company years ago. Company president was not family.

-- Chuck

You might be right; but I did find on-line "The company has been predominantly owned by the Morgan family as well, but on March 5 a majority stake purchase by Italian private equity group InvestIndustrial was announced, bringing change — and capital — to the Malvern Link factory."

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05-03-2019, 04:38 AM

#12

HKStallion

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Looks like Panoz is concentrating on motorsports, with the Avezzano and Esperante still around.
https://panoz.com/sportscars/

i did see a "restructuring" announcement from 10/2018, but it is a broken link.

Maybe someone from ATL can chime in with more news.