https://www.tvsmotor.com/
Anyone for a Norton TukTuk
Cheers
Norton in administration
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
Sorry...sometimes they let you see part of the story for free.
Anyway, the gist of it is, moving production out of the abandoned call centre into a 'nearby building' (the technical training centre aka Stu's Aston Martin garage that we all paid for, perhaps?) and the eventual location of some production abroad (the small twin was going to be built in China anyway IIRC). The new owner says it will be like Jaguar Land Rover....ie maintain substantial British identity, while owned and controlled by India.
I think there's a substantial reputational damage issue to be addressed first...unpaid suppliers and dealers left out-of-pocket because SG took their customer deposits and they were left to refund their customers when it became apparent that the customers weren't going to get their bikes. SG needs to be banged up, in my opinion.
Anyway, the gist of it is, moving production out of the abandoned call centre into a 'nearby building' (the technical training centre aka Stu's Aston Martin garage that we all paid for, perhaps?) and the eventual location of some production abroad (the small twin was going to be built in China anyway IIRC). The new owner says it will be like Jaguar Land Rover....ie maintain substantial British identity, while owned and controlled by India.
I think there's a substantial reputational damage issue to be addressed first...unpaid suppliers and dealers left out-of-pocket because SG took their customer deposits and they were left to refund their customers when it became apparent that the customers weren't going to get their bikes. SG needs to be banged up, in my opinion.
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
https://www.superbike.co.uk/article/joh ... otorcycles
Also SG is selling off a bathtub...(as used by his fragrant Missus?) as well as other fixtures and fittings from Hubris Hall
https://www.visordown.com/news/general/ ... ossessions!
Also SG is selling off a bathtub...(as used by his fragrant Missus?) as well as other fixtures and fittings from Hubris Hall
https://www.visordown.com/news/general/ ... ossessions!
-
Crossrutted
- Posts: 1753
- Joined: Sat Apr 28, 2012 6:18 pm
- Has thanked: 71 times
- Been thanked: 178 times
Re: Norton in administration
Looks likely that Garner is going to clink, with millions still missing from Pension fund.
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
I wonder what's going on with 'new' Norton?
Assuming anyone still wants to buy a Norton V4, the projected price is £30,000 - £40,000 a bike. The new factory can build 8000 bikes a year, but I doubt they can ever sell that many globally, and certainly not at that price.
Will new Norton buy back the 650 design that Garner sold to the Chinese?
Assuming anyone still wants to buy a Norton V4, the projected price is £30,000 - £40,000 a bike. The new factory can build 8000 bikes a year, but I doubt they can ever sell that many globally, and certainly not at that price.
Will new Norton buy back the 650 design that Garner sold to the Chinese?
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
https://www.leicestermercury.co.uk/news ... es-6615812Crossrutted wrote: ↑Tue Feb 08, 2022 2:06 pm Looks likely that Garner is going to clink, with millions still missing from Pension fund.
