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Charles Morgan to build rival cars

Sacked Morgan boss Charles Morgan is to set up new sports car company that he says will rival the 104-year-old British car manufacturer that bears his family name and recently dismissed him. In a report in the Telegraph, Charles is quoted as saying his new company will “build on the innovation and heritage of my grandfather”. On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader The news comes less than a month after Morgan lost his appeal against his dismissal from the Malvern carmaker his family set up in 1909.

McLaren genius joins supercar project

By Phil McNamara Motor Industry 11 August 2006 06:49 Gordon Murray – the engineer behind the 240mph McLaren F1 – is now working on a racer that could dethrone the F1 as the ultimate lightweight supercar. Murray has joined forces with former colleagues from McLaren Cars who left to create the Caparo T1, a highly focused, ultra-lightweight sports car. Murray becomes director of advanced concepts at Caparo Vehicle Products.

Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, which would increase the firm’s current 5% stake in the British brand. Following a deal to supply AMG engines to Aston for its next generation of vehicles (hence the current 5% share), a buyout or even further investment in Aston Martin could be beneficial to both brands. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader With Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.