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Triumph Motorcycle will move more of its production from Hinckley in the UK to Thailand in a bid to target rapidly growing Asian markets. In 2002, Triumph opened its first factory in Thailand where it now has three facilities making about 80% of last year’s total of 60,131 bikes. There are also factories in Brazil and India supplying …
The UK government may investigate almost £8m in funding and loans to Norton Motorcycles which has now gone into administration following £300,000 in unpaid taxes and claims of pension fund frauds. Public accounts committee chair Meg Hillier is calling for an official inquiry and accuses government officials of “blindly pouring” millions of pounds of taxpayers’ …
Not only has Norton Motorcycles gone into administration over £300,000 in unpaid taxes, but now charges of fraud have been levelled at boss Stuart Garner who blames Brexit for his company’s downfall. In 2012 and 2013, 228 pensioners invested in five-year pension funds (Commando 2012 Pension Scheme, the Dominator 2012 Pension Scheme, and the Donington …
Norton Motorcycles has gone into administration three weeks after being in court for non-payment of £300,000 (about $A570k) in taxes owed to HM Revenue & Customs. Global accounting firm BDO UK has been appointed administrators of the 122-year-old British company, resurrected in 2008 when business man Stuart Garner bought the company. Australian customers have been assured …
If you’re riding around South East Queensland, chances are you will call in to Esk where we recommend dropping into the Blacktop Motorcycle Works museum. The free museum and British bike workshop is right next door to the Red Deer Cafe in the main street where many riders stop off for a coffee. It’s important …
Norton Motorcycles was fighting in the Insolvency and Companies Court in London this week (8 January 2020) to avoid a winding-up petition over £300,000 (about $A570k) in taxes owed to HM Revenue & Customs. Owner Stuart Garner says some of the money is covered by outstanding research and development tax relief owed to the company. The company was promised …
Dutch company Icon Motorcycles plans to hand-make new-age Triton motorcycles with Norton featherbed frames and modern Triumph 900cc engines. Original Triton The original 1960-70s Tritons were not factory models but private builds where enthusiasts mated the lithe-handling Norton featherbed frame with Triumph Bonneville engines. Now Dutch company Icon Motorcycles plans to supply handmade Triton cafe …
A single, anonymous investor has sunk £1m ($1.89m) into Norton Motorcycles after it launched a crowd-funding campaign to meet a £30 million order book for V4 and Atlas models. Despite the investment, owner Stuart garner says he has not ruled out returning to the crowd-funding campaign at a later date. “We were overwhelmed with interest from our …
Just days after Norton Motorcycles sought crowd funding of £1 million ($1.89m) to fulfil orders for the V4 and Atlas models, it has unveiled a new supercharged 127kW Superlight SS. It’s a carbon model version of their Superlight model which is based on the upcoming 650cc twin-cylinder Atlas platform. While it looks great, it is bound …
Norton Motorcycles is about to launch a crowd funding campaign to raise money to step up production as they struggle to fulfil a £30 million order book for V4 and Atlas models. UPDATE (Nov 22): Apparently a single, anonymous investor has bailed the company out. However, owner Stuart garner says has not ruled out returning to …