British sports car maker Morgan is to be sold to an Italian venture capitalist firm. InvestIndustrial will take a majority stake for an undisclosed amount. The Morgan family, which has owned the company for 110 years, will retain a minority shareholding, with the management team and staff also keeping a share of the business.
The Range Rover Evoque has been awarded the title of Best Production Car in the 2010 Car Design News, Car Design of the Year awards. This highly regarded accolade is the first major international award for the Range Rover Evoque, which is shaping up to be one of the most exciting cars of 2011.