After close to a year of inactivity, the Norton production line will be up and running once again after being acquired by India’s TVS Motor Company last April. The first model that’ll roll off the production line is the Norton Commando, and 40 units will be built to cater to backdated orders and a few extras. (more…)
A lot of trouble and issues have been looming surrounding one of the oldest motorcycle brands hailing from the UK, Norton. After falling into administration and having struggled with major financial issues, India’s TVS Motor Company has come to save the day the by acquiring them as one of their own. The price? Around RM87 million. (more…)
Pengeluar motosikal India, TVS Motor Co. muncul antara pihak yang berminat untuk membida Norton Motorcycles.
Pengeluar motosikal berpangkalan di United Kingdom itu kini telah ditempatkan di bawah Administration atas kegagalan membayar hutang, Januari lalu.
Menurut Bloomberg, terdapat sumber yang mendedahkan bahawa TVS antara pembida yang berminat untuk memiliki Norton yang ketika ini dikendalikan BDO LLP.
Susulan kegagalan pengurusan, Norton yang menghasilkan motosikal seawal 1902 telah beberapa kali bertukar tangan dengan Stuart Garner muncul pemilik terakhir.
Garner ketika ini dalam penyiasatan Pension Regulator UK atas dakwaan pecah amanah ketika dia menjadi pemegang amanah tiga program pencen yang telah melabur ke dalam Norton sebelum ini.
Sementara itu, tindakan TVS untuk memiliki Norton Motorcycles adalah langkah relevan tatkala saham TVS jatuh lebih 40 peratus dalam usaha mengembangkan jenama ke penghasilan model yang lebih premium berbanding varian sedia ada.
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One of the oldest motorcycle manufacturers in the industry, Norton Motorcycles, is currently in deep financial issues with the announcement of entering administration. It seems that they’re in deep waters when it comes to unpaid taxes to the HM Revenue & Customs of around £300,000 (around RM1.59 million). (more…)
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