- Joined
- Mar 7, 2020
- Messages
- 3,157
One of the 'Essex' engines.... Any similarities with 'Essex' girls purely coincidental!Well there you go then, the Norton Corsair
Pretty sure the FoMoCo offering wasn‘t 200bhp tho ...
One of the 'Essex' engines.... Any similarities with 'Essex' girls purely coincidental!Well there you go then, the Norton Corsair
Pretty sure the FoMoCo offering wasn‘t 200bhp tho ...
Doesn’t look too excessive to me, not really larger than the neighbouring car dealers (BMW, Porsche, VW etc.) premises anyway.Nice, Half a million rent pa, and 67,000 sq ft = must be planning on building lots of new Nortons, just to pay the rent, let alone keep the lights on and pay wages.
In the Auto. industry 8-10 years is a pretty realistic target, if the business model works. I wouldn’t expect motorcycles to be too different. TVS will be fully aware of the possible risk.Is that how much the rent is? Serious amount of money needed to invest the start up, wonder how many years it will take to become profitable?
Rates and rent don't work like that in the UK. The buildings next door could be larger, but pay less rent and rates. It depends when they took the building on, and how it is laid out internally.Doesn’t look too excessive to me, not really larger than the neighbouring car dealers (BMW, Porsche, VW etc.) premises anyway.
As JR mentioned in the interview „Cottage Industry“ production is not likely to offer Norton Motorcycles a sustainable future
I don’t understand why you think TVS would or should go public with their business plans? Especially at this early stage.I believe JB was interviewed a couple of years ago and said that even today with 90 million today he would struggle to do what he achieved. Piaggio recently developed a new city scoot at cost of 19 million Euros, they say they will not see a return on that model but will on the spinoffs in the future that use the engine and common parts.
This is not slating, it is just an observation that there is large sums of money being invested and spent, but as yet no mention of new future models, quantity, target market etc. We know they will be premium, but that is a wide range, 20K mark or 40K mark. And yes TVS may have done this before, but they would not do it without a plan, viability, costings, projections, timescales etc, they are quite happy to say what they are currently doing but how about what the plan beyond 2021. Some potential owners won't wait if they can't see any future plan or model and will buy other brands. Considering that JR said that they had been looking for a premium brand for two years previous to picking up Norton, you would like to think that they would have outline designs and models to put with the premium brand they would pick up.
None of us here are getting any younger, and the demographic we sit in is moving right all the time to time we drop of the planet. What is their plan to encourage younger riders to the brand, if I remember rightly and it would have been the time that JR was in charge here in Europe that Harley did free direct entry training and tests for those buying a new bike. Even if they have the best plan now it will need to grow and evolve otherwise it will just be a dead end.
I'm pretty sure there must be a Journo out that there could invite JR to an interview to explain a lot more of the outline plan going forward, and I think most here would agree with that. We could start saving up.
Put in storage by military forces around the world.Assuming that they will still be refining crude for the jet and shipping markets then there will be a lot of gasoline surplus to requirements, what will happen to that?
They will succeed, but what will it look like. TVS might have a nice bank balance, but don't forget that even in our time there was a owner of the Trademark that even today makes TVS look like paupers, might be why they are still worth over $20 Billion.Garner tried it on the cheap using stolen and/or fraudulent funds, thankfully did not get away with it.
TVS will try to do it properly with the right funds raised from legitimate sources.
Hopefully they will succeed.
But also I think its right to ask questions of the TVS approach, it's not as if certain famous brands like Aston Martin have not been bought several times and gone through several owners fortunes and are still always on the edge.