You're looking at one of my first large-scale models, if not the very first. This is a 1:16 scale Morgan Plus 8 by Polistil, an Italian model company that forged an unlikely alliance with Tonka to sell diecast toys here in North America. It didn't work out so well and Polistil went under in 1993.
According to scale18.com this blue "hill climb" edition Morgan was first released in 1987.
but what do I know? It is apparently Iris Blue. All body decals are stickers including the gauge cluster, the package shelf and both (crooked) license plates. The taillights aren't even painted or anything! The plates are interesting in that they aren't in the UK DVLA system as being registered to a Morgan, but they would come from a car registered in 1963 in London. The wheels are an unusual design, replicating the 15-inch Morgan alloys installed as standard on Plus 8s (72-spoke wire wheels were optional). The fender mirrors are fragile as can be seen from the photos, as are the fog lights on the bumper. One is already broken off. It's lucky that it survived my destructive youth as well as it has. It's probably a credit to the car's simplicity and toughness. The only other model I have from the early years that has held up so well is my Bburago Dodge Viper. Bburago builds their cars to be played with, not just displayed.