not good

It was posted on Twit Ter so is hardly a reliable media source.
Remember the days where, no reply, just go and knock on a door.
If johnny Racer was that concerned he would have got off his ar$e.
 
gortnipper said:
Well, I guess "merged" would have been more technically correct.
Click to expand...

That would be nearer the mark at least.
Triumph had been owned by BSA (a much larger company) since 1951 so Triumph certainly never owned Norton.


https://www.gracesguide.co.uk/Norton-Villiers-Triumph
"In 1973, the British government's plan to rescue the motorcycle industry forced a merger of BSA (including their subsidiary Triumph) and Norton Villiers, in return for funds to remain in business. The resultant company was called Norton Villiers Triumph (NVT). The new company would be owned by Manganese Bronze Holdings, shareholders of BSA and the government who would eventually sell its shares. Dennis Poore would be chairman of the new company. Manganese Bronze Holdings contributed Norton-Villiers to the new entity and purchased BSA's non-motorcycle interests."
 
Any day now they'll be taking deposits on a "select number of limited edition models", in order to pay their current debt to the crown.

In other words, paying off old debts with new money.

Pretty much "Norton's" track record since they bought the castle.
 
grandpaul said:
In other words, paying off old debts with new money.
Click to expand...

That has worked for insurance and superannuation companies (Not to mention governments) since day one... A pyramid scheme by another name.

So Norton is being put to administration to the tune of a small house cost ?

It would be kind of nice to know the facts of the situation but even 50 years after NVT, the actual facts are not known, just speculation.

We will hope the company can get to steady trading but I am willing to bet the true answer (state of play) is on the factory floor just like it was long ago.
 
Just tried making an order for Norton CLOTHING, as I have previously: when get to postage, get a message saying not possible to quote at this time.......
 
That might be part and parcel of administration and things are on hold until whoever that administration is looks at the state of affairs. (Of course that is based on nothing substantiated)

Perhaps they should have stuck to building bikes and apparel.
John Bloor seemed to keep it simple in the beginning, bikes that although not super exciting got sales.
Those sales generated the funds for future models and of course the rest is history (Learn to walk before thinking of running)

I hope Norton get through this but sadly there seemed to be people who wanted them to fail from the get go and a good deal did so from the anonymity of a faceless PC.
 
I for one hope they can find the tube of Super Glue to hold things together.
 
SG rejected the Henry Ford model of business for the Porsche/Ferrari idea, If the market could support exclusive superbikes, then i think that might have worked, but after 2008 , if you want to survive build what 98% of the market can afford... build it well and support the product ...

i was keen on a new Norton but the long drawn out delivery and exorbitant price dove me back to the vintage side, i can get parts, the design; its flaws and strong points are well know
 
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