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Morgan Appoints Senior Automotive Industry Veteran as new Chairman

12 February 2025

We are excited to welcome Steven Armstrong as our new Chairman. Steven brings a wealth of skill and experience gained over 35 years in senior leadership roles across the global automotive industry. Notably, he served as COO, President, and later Chairman of Ford of Europe. Armstrong’s proven expertise will be pivotal in ensuring the ongoing success of Morgan’s commercial and industrial operations.

Steven succeeds Lawrence Price, who remains on the board as Non-Executive Director. Price, the great grandson of the founder HFS Morgan, has been a member of the company’s Board of Directors since 2012.

Matthew Hole, Managing Director, Morgan Motor Company, said: “I am delighted to welcome Steven to Morgan. Having such breadth of experience at board level is of immense value to the company and Steven’s insight will play a decisive role in executing Morgan’s ambitious future. Our ongoing growth strategy in overseas markets, along with exciting new model plans, including the upcoming launch of Morgan’s new flagship sports car, will all benefit from his influence.

I also welcome Steven’s expertise in shaping our operational strategy. The development of our sourcing roadmap – to manufacture more of our vehicle content in-house than ever before – along with the preservation and enhancement of our employees’ rare craft skills, is key to fulfilling our ambition to grow and sustain Morgan’s reputation as the world’s pre-eminent coachbuilder of sports cars.”

Steven Armstrong, Chairman, Morgan Motor Company, said: “It is an honour to join Morgan, a company that occupies an unrivalled position in the automotive industry. I have long admired the strength of the brand and the loyalty of its customers. Above all, its products have rightfully earned their place among the most special and iconic sports cars in the world.

I join the team at an exciting time and look forward to using my experience and expertise to support Morgan’s leadership team and enhance the business’s ongoing performance. By providing guidance on strategy, innovation, manufacturing, and quality, we will work together to deliver sustainable global growth for the company while staying true to Morgan’s ethos and hard-earned success.”

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ENGINE & TRANSMISSION

The latest BMW 2.0 litre engine provides ample power for a car weighing just over 1,000kg. This engine is coupled to either a six-speed manual or eight-speed automatic transmission.

SENNHEISER AUDIO

Sennheiser’s revolutionary sound system utilises advanced software and invisible speakers to offer an unprecedented audio experience, creating the illusion of a sound stage in front of occupants.

NATURAL MATERIALS 

Natural materials are celebrated throughout the cockpit of Plus Four. From ash wood in a range of different finishes, exquisite marquetry veneers, the finest leather and sustainable fabrics. 

mirrors

New interior rear-view mirror and wing mirrors are machined from aluminium, beautifully finished and robust in their construction. Designed by Morgan and exclusively manufactured for Plus Four. 

DYNAMIC HANDLING PACK

In addition to the AP Racing braking system, electronic stability control and double wishbone suspension, a new Dynamic Handling Pack is also available on Plus Four. This options features adjustable suspension and a rear anti-roll bar.   

ADAPTIVE SPORTS EXHAUST

A soundtrack to more spirited driving. The adaptive sports exhaust system is linked to driving mode and provides a greater level of audible experience. 

Personal Contract Purchase (PCP) Explained

PERSONAL CONTRACT PURCHASE (PCP) EXPLAINED

Your chosen contract term and mileage will be used to calculate the Guaranteed Minimum Future Value (GMFV) of your vehicle at the end of your contract term and provide you with an Optional Final Payment amount. The GMFV determines that at the end of your agreement your vehicle will have a value at least  equal to the GMFV.

Your deposit amount is deducted from the price of your Morgan, you make regular payments based on the amount of credit plus the interest. The interest is calculated on the vehicle price less the deposit.

At the end At the end of the agreement, you just have to choose from one of the following options:

  1. Renew your Morgan – if you settle your existing finance agreement you are free to part exchange the vehicle for a new Morgan. Please note, any new finance agreements are subject to status.
  2. Retain your Morgan – to keep your current Morgan at the end of the agreement, you only need pay the optional final payment.
  3. Return your Morgan – you can return the vehicle and do not pay the Optional Final Payment. If the vehicle has exceeded the maximum agreed mileage a charge for excess mileage will apply. As long as the vehicle is in good condition and has not exceeded the maximum agreed mileage you will have nothing further to pay.

KEY FEATURES

  • Personal Contract Purchase (PCP) may be right for you if you would like to keep monthly payments as low as possible
  • With PCP, you can decide how much deposit to pay up front (subject to a minimum)
  • PCP gives you clear options at the end of the agreement, this gives flexibility
  • The Guaranteed Minimum Future Value (GMFV) is set for your vehicle as part of PCP, this protects you against any unexpected reduction in the used car market
  • PCP could allow you to drive a new Morgan after your agreement by entering a new PCP agreement on the latest model

Please note:

  • You will not own the vehicle until all of the payments and interest have been paid. After that, you will own the vehicle outright
  • You must have fully comprehensive insurance for the duration of the agreement
  • Credit is subject to status and is only available to UK residents aged 18 and over

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