The 110-year old Morgan Motor Company of Malvern has sold a majority shareholding to British investment group.
The Investindustrial Group has backed Aston Martin and Ducati and its likely the Morgan family will become multi-millionaires through the deal which also sees all 190 employees become shareholders.
Morgan became famous through its iconic three-wheelers and now builds a modern version alongside its wooden chassis sports cars and turned out 700 cars last year as part of its drive to a £3.2M profit.