Record profits for iconic sports car maker

An iconic 110-year-old British sports car manufacturer almost doubled its profits during 2018 to record levels.

Morgan Motor Company has reported a pre-tax profit of £3.1m for the year to 31 December 2018, up from £1.7m in 2017.

The new figures come after Investindustrial acquired a majority stake in the business for an undisclosed fee in March.

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