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Misconduct behind Charles Morgan dismissal

New documents have emerged showing Charles Morgan was sacked from Morgan Motor Company due to four counts of alleged misconduct. Information seen by Autocar outlines that the decision was made by the members of the board of Morgan Technologies – a panel on which some of Charles Morgan’s own family sit. On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader In a board meeting earlier this year – held while then company strategy director Morgan was away on leave due to health problems – Morgan Motor Company executives determined that Charles Morgan had posed as company chairman, despite his demotion back in February 2013.

Chrysler sold in £3.76 billion deal

By Ben Whitworth Motor Industry 17 May 2007 09:38 Chrysler has been sold. In one of the biggest private equity deals seen in the automotive industry, Cerberus Capital Management has purchased 80.1% of Chrysler in a £3.76billion deal, leaving DaimlerChrysler with the remaining 19.9% stake in the loss-making company. The move marks the close of arguably the most high-profile transatlantic merger and shuts the door on Canadian car assembly giant Magna and billionaire Kirk Kerkorian, who last month offered £2.27billion for Chrysler.

Alfa Romeo 4C at Frankfurt – only the colour changes

Alfa Romeo 4C in Fluid Metal at Frankfurt When Alfa Romeo teased the Alfa 4C for Frankfurt a few weeks back with a dark photo (what’s new?) we did ask what they were playing at. Don’t misunderstand; we think the Alfa Romeo 4C is exactly the sort of car Alfa should be making. No, what puzzled us was, why the tease?