Norton
Former Norton Boss Stuart Garner Must Pay Back £14M
It’s About the Pensions So, the verdict is in on the Norton pensions scheme that Norton’s ex-CEO Stuart Garner was the trustee of. The Pensions Ombudsman ruled he was ‘dishonest’ and because of this dishonesty, he will have to pay back £14 million (roughly $17 million), according to Visordown. There was an investigation into the pensions …
Buy This Norton Domiracer for $76,000
Have an extra $76,000 Around? Norton might be having some troubles, but the company’s bikes are still coveted and demand a high price. Case in point is this Norton Domiracer that’s up for sale at We Sell Classic Bikes. The motorcycle is listed for $76,000. The bike is number 46 of only 50 ever made. …
Mecum Auction Offering a 25 Bike Collection
Mecum Indy 200 Auction At the Mecum Indy auction, there will be a collection of 25 motorcycles up for sale. Al Phillips of Chicago will offer his long-time collection at the auction house for its Indianapolis sale on July 12, 2020. If you can’t find something out of this collection that you want to bid …
Former Harley-Davidson and Land Rover Boss Announced as Interim CEO of Norton
The New Norton Begins to Emerge Stuart Garner ran Norton Motorcycles into the ground, opening the door for TVS Motors to buy the company and start rebuilding. One of the company’s first moves was to appoint John Russell, formerly of Harley-Davidson and Land Rover, to the Interim CEO position with the brand. According to MoreBikes, …
TVS Says Rebuilding Norton’s Brand Is Biggest Priority
Restore the Brand to its Former Glory It’s no secret that Norton Motorcycles has been in dire straights for quite a while now. After the company entered into administration TVS was able to purchase the brand. The Indian company has said the British brand’s production will stay in Britain. In a recent interview with Motorcycle …
A Norton-Powered ADV Bike from Zongshen?
The Future for Norton? This one is a bit of speculation, but there’s some legitimacy here, too. Chinese company Zongshen could put out an ADV bike that uses a Norton engine. In 2019, there was a concept of an adventure bike featuring an engine that was made by Zongshen in coordination with Norton Motorcycles. This …
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 …
Norton Motorcycles Enters Administration in the UK
Essentially Chapter 11 Bankruptcy Norton Motorcycles has one of those names that has a long history behind it. The future of the company, however, is questionable. Norton just went into administration in the UK, which is the equivalent of filing chapter 11 bankruptcy in the U.S. Accounting firm BDO was appointed administrator of the motorcycle …
The Norton Superlight SS has a Supercharged 650 Twin
Nothing Like a Superfast Norton Fresh off the news that Norton Motorcycles has a new mystery investor, the company has now revealed a new motorcycle. The Superlight SS with a new frame and a more powerful engine. The bike gets a supercharged engine and should be super fast. Norton’s Superlight SS is a standard Superlight …
Norton Has a New Mystery Investor
What Will This Mean for the Company? Norton is a well-known name in the motorcycling world. Recently the company was poised to turn to crowdfunding for investors so that it could expand its operations and do some cool things in the future. The company wanted investors and saw crowdfunding as a way to get them, …
Norton Will Build a Dominator Street Limited Edition
Norton Will Build Only 50 Following the Commander Street model that Norton did not too long ago, the company will now build a Dominator Street limited-edition motorcycle. The company announced the bike a few days ago and said that it will only build 50 of the motorcycles. In a Facebook post, the company said the …
The Breitling Commando Sport 961 Is a Norton Motorcycles and Breitling Watches Collaboration
The Special Edition Motorcycle You Didn’t Know You Wanted Norton Motorcycles is one of the most iconic brands in the entire industry. Breitling Watches is a fitting counterpoint in the watch and timepiece industry. It makes a lot of sense they would both decide to team up. At an event in New York City, the …