Norton Commando trio up for auction

Norton Commando trio up for auction

A fastidiously restored trio Norton Commando bikes is among a dozen restored classics on offer at the Shannons Winter Timed Online Auction from 19-26 August 2020. Click here for our tips on how to buy a motorcycle at auction. Norton trio The jewel of the trio, all restored to an exceptional standard by noted Sydney …

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Norton boss Stuart Garner at Donington Castle

Former Norton boss to sell properties

Properties owned by former Norton Motorcycles boss, Stuart Garner, have hit the market at £13m, which is £1m short of the amount he owes to investors. Last month, Garner was ordered to pay back £14m to pensioners who invested in retirement funds not knowing he was dishonestly using the money to prop up his ailing …

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Garner Norton pay back

Former Norton boss to pay back £14m

It’s pay back time for Stuart Garner who dined out at expensive restaurants and lived a lavish lifestyle as he ran Norton — one of the most revered bands in motorcycling — into the ground. Now the former boss is in deep trouble, ordered to pay back £14m to pensioners who invested in retirement funds …

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Norton sounds

Norton still one of the sweetest sounds

Norton Motorcycles has gone through some strife but the future sounds good now it is in the cashed-up hands of Indian motorcycling giants TVS, but it sounds even better in the hands of a good rider. And that rider is former racer and now popular MotoGeo vlogger Jamie Robinson (pictured above). In these two videos he …

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Harley Duo Glide headlines Shannons auction

Shed find Duo Glide headlines auction

A 1960 Harley-Davidson FL Duo Glide that spent 37 years sitting in a shed in Queensland headlines Shannons’ Timed Online Classic sale later this month. The bike is one of seven motorcycles crossing the “virtual auction block” from 20 May to 3 June 2020. The highest bid lodged by close of bidding on June 3 buys the …

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Norton Commando 961 Sport Mk II owner

New Norton owner plans new models

The new owner of Norton Motorcycles, Indian-based TVS Motor Company, has begun revitalising the company with funding, a new CEO and plans for new models. TVS bought the troubled British manufacturer in a $A31m cash deal a couple of weeks ago. Click here to read more about the historic sale. The third-largest motorcycle company in …

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Turban Sikh sikhs helmet global plea powerhouse

India the next motorcycle powerhouse

The $A31m cash sale of Norton Motorcycles to India’s TVS Motor Company marks India’s turning point towards becoming the next motorcycle powerhouse. Click here to read more about the historic sale. Respected market analysts GlobalData say the sale to India’s third-biggest motorcycle manufacturer with sales of more than 750,00 a year significantly marks TVS motorcycles’ …

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Norton Motorcycles Donington Hall factory crowd

Norton sold to Indian TVS motorcycle company

Troubled Norton Motorcycles has been rescued with the sale of “certain assets” to an indirect subsidiary of Indian motorcycle company TVS over night (17 April 2020). Joint administrators BDO UK say the “cash deal” was for £16 million (about $A31.4m, $US20m, €18.4m). However, the company owes its creditors a whopping £28,352,089 (more than $A57m). At this point …

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Norton CEO Stuart Garner Norton Motorcycles pay back

Norton Motorcycles cannot be rescued

Norton Motorcycles cannot be rescued as a “going concern” because it owes its creditors a whopping £28,352,089 (more than $A57m). However, administrators are still negotiating with eight potential buyers. A Joint Administrators’ Proposals report to creditors sent to us by administrators BDO UK says Norton Motorcycles cannot be rescued in its current form. “Due to the extent …

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