Norton Bankrupt?

[bigoltool]

Just reading that Norton Motorcycles has entered administration in the UK. Rumors of people getting screwed out of deposits and other underhanded activities abound.

Norton Motorcycles Enters Administration, Looks For New Owner

UK accounting firm BDO has been appointed administrator of Norton Motorcycles, as well as two other Stuart Garner-owned businesses.

www.rideapart.com

I was a huge fan of the Kenny Dreer Norton Commando 952 as well as some of the others the new ownership came up with since taking over the company from him. Hopefully someone reputable steps in and saves the company because its bikes are worth saving IMO.

I have the full size poster of this pic on my Garage wall to this day in fact.

 

[busafan08]

The Norton brand is legendary hate to see it fade away I am sure someone will step in

 

[Bumblebee]

Norton has been holding on for dear life for years it seems...they never really gathered traction since they went out of business the first time...too bad, I would have liked to see them survive over all the other British bikes.

My brother has a BSA 250 scrambler which has Triumph and Norton parts as it was on the assembly line when BSA went out of business and they had to finish the few they had left.

 

[Kiwi Rider]

Just reading that Norton Motorcycles has entered administration in the UK. Rumors of people getting screwed out of deposits and other underhanded activities abound.

Norton Motorcycles Enters Administration, Looks For New Owner

UK accounting firm BDO has been appointed administrator of Norton Motorcycles, as well as two other Stuart Garner-owned businesses.

www.rideapart.com

I was a huge fan of the Kenny Dreer Norton Commando 952 as well as some of the others the new ownership came up with since taking over the company from him. Hopefully someone reputable steps in and saves the company because its bikes are worth saving IMO.

I have the full size poster of this pic on my Garage wall to this day in fact.

View attachment 1611934

Very sad news . . .
I reckon Jay Leno should take control and invest some of the millions he has tucked away . . or someone like him anyway.
They are an awesome machine, I've never ridden one of the latest versions but I sure would like too!
Love that 'school girl' they used in the poster lol.

 

[WuzzaCBXRider]

They sure made a good looking motor

 

[Bumblebee]

….the "snortin, Norton..."

 

[bigoltool]

This story just gets worse by the day. I'm reading stories of Norton buyers taking their new V4s In for warranty work, only to find that the factory was stripping parts off of them to complete other bikes on the production line. Stuart Garner's going to prison if true.

 

[bigoltool]

A new article about the ever expanding Norton debacle.

Norton Motorcycles – was it a fraud from the start? Part one | SuperBike Magazine

You’re about to read the first in a series of interviews relating to the Norton story. The story is not a good one for the UK motorcycle industry.

www.superbike.co.uk

 

[pashnit]

 

[pashnit]

 

[pashnit]

 

[pashnit]

 

[Bumblebee]

The original Norton manufacturer has been gone for quite some time...much like the original Indian bikes, they keep getting rebranded, bankrupted and then put away again until someone else comes along to buy them.

10 Things You Didn't Know about Norton Motorcycles

Norton Motorcycles are one of the oldest motorcycle manufacturers in Great Britain. They were established in Birmingham in 1898 and have a rich history in

moneyinc.com

 

[bigoltool]

The original Norton manufacturer has been gone for quite some time...much like the original Indian bikes, they keep getting rebranded, bankrupted and then put away again until someone else comes along to buy them.

10 Things You Didn't Know about Norton Motorcycles

Norton Motorcycles are one of the oldest motorcycle manufacturers in Great Britain. They were established in Birmingham in 1898 and have a rich history in

moneyinc.com

Man that article skips over a whole lot! Kenny Dreer's team did more the revive the Norton name than anyone involved with the current spectacle.

The Real Commandos - Special Feature

www.cycleworld.com

 

[Bobby914]

What a bad end to a great name...smh

 

[bigoltool]

Man this just gets worse as time goes by. Garner is such a scumbag! Allegedly sold the 962 motor (engine for the pedantic) design to a Chinese company right before the UK government shut them down.

Norton Allegedly Sold 961 Engine Design Just Before Administration

New allegations that Norton sold off its 961 engine design to another company prior to its administration add another wrinkle to the saga.

www.rideapart.com

 

[WuzzaCBXRider]

They may have been saved

TVS Motor reaches deal to buy British brand Norton Motorcycles: sources

The deal, which has been in the works for several months, will see TVS take full control of the 122-year-old Leicestershire motorbike brand for an undisclosed amount, the sources said.

Accountancy firm BDO stepped in as Norton’s administrator in January after production was halted at its Donington Hall factory.

BDO led the discussions with TVS which is expected to provide enough investment to revive the famous brand and resume production, one of the sources said.

TVS Motor and Norton Motorcycles were not immediately available to comment.

 

[Bumblebee]

If and when they start producing motorcycles again, they had better name one the "Phoenix" as this company has been raised from the ashes more times than I can recall....

I'd imagine with the economic down turn, it will be a while for the first bike to roll out and it will be a very limited market.

I have noted people are buying motorcycles which have good customer service and support, I can't imagine Norton having such support outside of the region they are built.

 

[WuzzaCBXRider]

Look at the size of that rear sprocket

.

 

[bigoltool]

Sounds like the TVS aquisition is a done deal now. All these pics got me thinking of the Vintage Norton ads from days gone by...