Latest news with #MatthewHole
The Irish Sun
22-04-2025
- Automotive
- The Irish Sun
Iconic 115-year-old sports car brand to build its first-ever EV – but it won't be for years, boss reveals
AN ICONIC British sports car company will be making its first electric vehicle, but not any time soon. Advertisement 1 Morgan wants combustion engines for as long as possible Credit: Top Gear The company is still waiting for the technology to catch up with the requirements of their brand until it will release an Boss of Morgan, Matthew Hole, told that an electric sportscar won't be coming any time soon from them as they will "stick with internal combustion for as long as possible. "That's the DNA of our cars and it's what our customers want", he continued. Hole revealed that Morgan is currently running an electric programme in parallel with the development of internal combustion engines. Advertisement Read More Motors News However, until the weight of tech is optimised and solid state batteries become available, the existence of a Morgan EV will not be on the cards. Hole added: "For us, it is all about building lightweight sportscars that are great to drive". The announcement comes amid concerns around the UK's mandated The zero emission vehicle mandate requires mainstream motor firms to reach an 80% EV mix by 2030. Advertisement Most read in Motors However, manufacturers selling fewer than 2,500 vehicles a year are currently exempt. The 115-year old company is reported to produce 850 cars annually, with orders on a six month waiting list. Iconic sports car brand's new £100k model unveiled by Top Gear legend Therefore, Morgan is for now not among those having to develop an all-electric motor in the coming years. The iconic sportscar brand unveiled its newest Advertisement In a video posted to the Morgan Motor Company YouTube channel, the new Supersport's removable hard-top roof and 3.0-litre inline-six engine sourced from BMW were revealed. Morgan's had a powertrain partnership with BMW for more than two decades now, with the two in talks about a potential EV programme. Hold said: 'We need longevity, and with engines and the size of business we are, we can't afford to change the powertrain every five years or so - we need 10-15 years". Insurance company Advertisement Top 5 cheapest electric vehicles to insure Lexus LBX - (Average annual premium: £622.23) is the smallest Lexus, that means luxury driving, excellent in-car entertainment, a lush interior and a smooth ride . Cupra Born - (Average annual premium: £623.33) is an all-electric hot hatch that's fast and a little furious. Volkswagen ID - (Average annual premium: £626.24) a small(ish), city-style SUV that's leading VW's all electric range. It's a reliable and robust car that's aimed at the urban marke t. Honda E:Ny1 - (Average annual premium: £633.04) a practical electric vehicle with above-average performance and battery life, slightly let down by slow(er) battery charging time when compared to rivals. Mini Cooper Electric - (Average annual premium: £641.07) is a huge amount of fun to drive with great handling. Space is limited, but the clue is in the name with a battery-powered motor.
Scottish Sun
22-04-2025
- Automotive
- Scottish Sun
Iconic 115-year-old sports car brand to build its first-ever EV – but it won't be for years, boss reveals
LOW CHARGE Iconic 115-year-old sports car brand to build its first-ever EV – but it won't be for years, boss reveals Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN ICONIC British sports car company will be making its first electric vehicle, but not any time soon. Morgan Motor Company will provide its first electric sportscar in the future, but not within the next five years. Sign up for Scottish Sun newsletter Sign up 1 Morgan wants combustion engines for as long as possible Credit: Top Gear The company is still waiting for the technology to catch up with the requirements of their brand until it will release an EV. Boss of Morgan, Matthew Hole, told that an electric sportscar won't be coming any time soon from them as they will "stick with internal combustion for as long as possible. "That's the DNA of our cars and it's what our customers want", he continued. Hole revealed that Morgan is currently running an electric programme in parallel with the development of internal combustion engines. However, until the weight of tech is optimised and solid state batteries become available, the existence of a Morgan EV will not be on the cards. Hole added: "For us, it is all about building lightweight sportscars that are great to drive". The announcement comes amid concerns around the UK's mandated electrification timeline. The zero emission vehicle mandate requires mainstream motor firms to reach an 80% EV mix by 2030. However, manufacturers selling fewer than 2,500 vehicles a year are currently exempt. The 115-year old company is reported to produce 850 cars annually, with orders on a six month waiting list. Iconic sports car brand's new £100k model unveiled by Top Gear legend Therefore, Morgan is for now not among those having to develop an all-electric motor in the coming years. The iconic sportscar brand unveiled its newest Plus Six model of the Supersport vehicle last month, with Top Gear legend Richard Hammond. In a video posted to the Morgan Motor Company YouTube channel, the new Supersport's removable hard-top roof and 3.0-litre inline-six engine sourced from BMW were revealed. Morgan's had a powertrain partnership with BMW for more than two decades now, with the two in talks about a potential EV programme. Hold said: 'We need longevity, and with engines and the size of business we are, we can't afford to change the powertrain every five years or so - we need 10-15 years". Insurance company Admiral have listed their cheapest electric vehicles to insure. Here they are in order of cost to insure, also available on Sun Motors:
The Sun
22-04-2025
- Automotive
- The Sun
Iconic 115-year-old sports car brand to build its first-ever EV – but it won't be for years, boss reveals
AN ICONIC British sports car company is expected to produce its first electric vehicle, but not any time soon. Morgan Motor Company will provide an electric sportscar in the future, once the technology catches up with the brand's requirements. Boss of Morgan, Matthew Hole, told though that it won't be coming any time soon as they will "stick with internal combustion for as long as possible. "That's the DNA of our cars and it's what our customers want". Hole pointed to an electric programme that Morgan is currently running in parallel with the development of internal combustion engines. However, until the weight of tech is optimised and solid state batteries become available, the existence of a Morgan EV will not be on the cards. Hole added: "For us, it is all about building lightweight sportscars that are great to drive". The announcement comes amid concerns around the UK's mandated electrification timeline. Manufacturers selling fewer than 2,500 vehicles a year are currently exempt from the zero emission vehicle (ZEV) mandate, which requires mainstream firms to reach an 80% EV mix by 2030. Therefore, Morgan is for now not among those having to develop an all-electric motor in the coming years.
BBC News
27-03-2025
- Automotive
- BBC News
US tariffs a 'significant shift' for Malvern car company
A car company boss says a new import tax of 25% on cars and car parts coming into the US would be a "significant shift" for the Motor Company in Malvern exports around 200 sports cars to the US every year, which makes up around a third of its overall revenue. US President Donald Trump announced on Wednesday that the new tariff would come into effect on 2 director Matthew Hole said the move would have an impact on the company. "It's a big chunk of our business; we make a £55m turnover a year so, although it's too early to estimate, we can say it will cost a lot of money," he said. "At the moment, we have two [Morgan] models that we sell to the USA, the Plus Four and the Super 3, and that is about a third of vehicle turnover specifically, which is £48m annually."Despite the blow, Mr Hole said the 115-year-old company, which employs around 200 people to make the cars that sell for around £80k each, had been preparing for the "tariff war"."Because it's such a significant shift of our business, we have been working on plans for this over the last month or so, since this tariff war news has been escalating."We've been making sure that we have some kind of a contingency plan in place, which limits the affect on our customers and limits the damage to ourselves," he said.A company spokesperson added: "A rough cost for a Plus Four in the US is $100k. Customers will see an increase on this, but we are working to ensure that it isn't a direct 25% increase."President Trump said the tariff would lead to "tremendous growth" for the US car industry and promised it would spur jobs and investment.A number of countries have expressed anger at the move. Canada called it a "direct attack", while China accused the government of violating international trade rules. Follow BBC Hereford & Worcester on BBC Sounds, Facebook, X and Instagram.
