Norton Motorcycles
Norton Motorcycles Interim CEO John Russell Talks the Future
A New Chapter for Norton In a recent interview with Superbike, interim CEO of Norton Motorcycles, John Russell, talked about the future of Norton. While the conversation ranges across many things, there’s one thing that’s certain, Russell wants to make customers happy with Norton again. One of the first topics that caught my eye is …
TVS Motors Won’t Move Norton Motorcycles Manufacturing to India
Manufacturing in the UK Still TVS Motors recently purchased Norton Motorcycles, and there was a lot of speculation about what would happen to the UK facilities and if Norton bikes would be made outside of the UK. Well, according to Car and Bike, TVS Motors doesn’t plan to move any Norton Motorcycles manufacturing to India. …
TVS Motors Bought Norton Motorcycles
The Indian Company Takes Over the British Brand In a £16million (roughly $20 million) cash deal, Norton Motorcycles became a TVS Motors brand. According to Motorcycle News, the Indian giant’s offer was selected by BDO—the company overseeing the administration of Norton. Both BDO and Indian confirmed the deal. Actually a subsidiary of TVS Motors owns …
331 Parties Have Expressed Interest in Norton Motorcycles
29 Formal Offers Were Received It’s no secret that Norton Motorcycles has money issues. The company owes millions of dollars to various creditors. It essentially went bankrupt and now UK administrators are helping the company through that process. It is quite likely that the company will be bought by either another company or a single …
Could TVS Motors Buy Norton Motorcycles?
Someone Will Buy Norton Eventually The tragic story of Norton Motorcycles and all of the people wrapped up in the company’s issues has been a focal point of motorcycle news for a while now. The company appears to have been horribly mismanaged and has entered administration as of January. Not surprisingly, interested buyers are taking …
Norton Motorcycles Owes Something Like $35 Million
It’s at Least This Much It’s no secret that Norton Motorcycles is in some deep trouble. The company entered administration (basically bankruptcy) due to the fact that it couldn’t pay some of its debts. Then there’s a whole pensions scam that happened and is currently being investigated. The company appears to be completely mismanaged and …
UK Pensions Regulator Begins Investigating Norton Motorcycles CEO
Seeking Justice The Pensions Regulator in the UK is now investigating Stuart Garner about what has been called a “pension liberations scam,” by UK Member of Parliament Stephen Timms. The question was brought up of why the Pensions Regulator hadn’t investigated the Norton Motorcycles’ CEO and the situation regarding the dispute about pensions. According to …
Questions Raised Over Norton Motorcycles Pensions Scheme
This is Far From Over The Norton Motorcycles collapse is a sad state of affairs. Now MPs from the Work and Pensions Committee have written to The Pensions Regulator (TPR) about what happened. In a letter to the regulator, the committee says the following, according to MoreBikes: “The arrangement began in 2012. Could The Pensions …
Petition Calls for Government Questioning of Norton’s Boss
Stuart Garner Is In Trouble I’ve reported on the downfall of Norton Motorcycles. It sounds like the company was horribly mismanaged and there was some shady dealings going on. The company entered administration and the whole mess is still being sorted out. There’s also a pension issue and lawsuit going on, that has Stuart Garner, …
The Norton Factory Is Officially Closed and Its Owner Failed to Appear for a Hearing
The Doors Are Closed Production stopped at Norton Motorcycles. The company was still technically in operation despite the fact that it had entered administration not long ago. Well, now, according to Leicestershire Live, the factory is no longer in operation and concrete blocks have been placed at the entrances to the bike headquarters in Castle …
Administrator’s Report Doesn’t Look Good for Norton Motorcycles
The Details are Coming Out I reported not long ago about the fact that Norton Motorcycles went into administration. Well, now the administrators, BDO, have a report about the state of the company. And things look less than good. According to MoreBikes, the report outlines several issues. The report issued by BDO is based around …
Norton Motorcycles: What Happened to All Their Money?
Norton Made £6.7 Million, So What Happened? I’m not one with inside knowledge of Norton Motorcycles, but I will say that it seems like things should have worked, at least from what was out there in the news. But the company entered administration. According to MoreBikes, the company’s sales resulted in £6.7 million last year. …