Fazer Owners Club - Unofficial

General => General => Topic started by: mtread on 29 January 2020, 11:43:14 PM

Title: Norton go into administration
Post by: mtread on 29 January 2020, 11:43:14 PM
All the signs were there.


Pity as the new V4s and 650 twins looked good.


https://www.bbc.co.uk/news/business-51303905 (https://www.bbc.co.uk/news/business-51303905)
Title: Re: Norton go into administration
Post by: coffee on 30 January 2020, 12:03:43 AM
It's so sad but the prices were crazy when compared to the competition,they shouldn't be trying to produce a modern Commando,Atlas etc and asking almost double of a comparable Jap model regarding power,economy,weight,ease of maintenance,etc,recipe for disaster. :(
Title: Re: Norton go into administration
Post by: YamFazFan on 30 January 2020, 06:03:07 AM

A non-biker would be forgiven for thinking that there'd been over a century of continuous, successful production reading that story.


It mentions 'financial difficulties' in 2008, but no details of the former decline/s and collapse/s under previous owners :rolleyes




Title: Re: Norton go into administration
Post by: steve 10562cc on 30 January 2020, 06:50:47 AM
Just goes to prove you can't trade on just a famous name. You have to  produce bikes people want and can afford not expensive white elephants and race bikes for the nostalgic few. 
Title: Re: Norton go into administration
Post by: YamFazFan on 30 January 2020, 07:47:12 AM
Maybe this explains why John McGuiness has moved over to a Kawasaki team?
Title: Re: Norton go into administration
Post by: YamFazFan on 30 January 2020, 09:21:24 AM

Just goes to prove you can't trade on just a famous name. You have to  produce bikes people want


Which pretty much sums up what went wrong first time around in the 1960's.
Title: Re: Norton go into administration
Post by: BMCfaz on 30 January 2020, 09:24:14 AM
Hardly a shock, has anyone actually seen one on the road?
Title: Re: Norton go into administration
Post by: mtread on 30 January 2020, 10:09:28 AM
Quote
Hardly a shock, has anyone actually seen one on the road?
No, but I've seen one in a workshop. Seized gearbox.
Title: Re: Norton go into administration
Post by: mtread on 30 January 2020, 10:13:29 AM
The trouble when you hand build bikes. However good they are, you can't keep the price down. Look at Brough. 60K each and sold in single figures. Compare with Triumph. Bloor took on all the best of Japanese production ideas, and they sell in zillions.
Title: Re: Norton go into administration
Post by: steve 10562cc on 30 January 2020, 10:43:02 AM
Yes but he learned from the other times triumph went to the wall, gave us decent bikes we wanted to ride and could afford buy & and  run.
Title: Re: Norton go into administration
Post by: Gnasher on 30 January 2020, 10:55:38 AM
I'm not surprised, I am surprised they've lasted this long.  Old bikes, over priced, delivery and build issues, yes they'll appeal to the Norton enthusiast market but that isn't going to give you long term market. 


Triumph on the other hand, most of their bike looks nothing like their classic stuff, competitively priced, so much bigger market, if they just sold the retro bikes like Norton they'd go the same way. 


Norton learnt absolutely nothing from their original demise, sad but true.           
Title: Re: Norton go into administration
Post by: mtread on 30 January 2020, 10:56:27 AM
The new Norton 650 scramblers are/were going to start at 10k. Competition for the Ducatis and Street Scrambler. Pity if they don't make the shops.
Title: Re: Norton go into administration
Post by: robbo on 30 January 2020, 03:59:16 PM
I'd never seen one of these before last Sunday. Hope he's stockpiled some spare parts :lol .

Title: Re: Norton go into administration
Post by: mtread on 01 February 2020, 12:16:52 AM
It looks like there's more to this story.


Some odd deals have disappeared, and so have people's pensions....


https://www.morebikes.co.uk/news/67560/seven-questions-raised-about-the-norton-motorcyles-collapse/?utm_campaign=%28BA%29%20MoreBikes%20Newsletter%20-%2031JAN2020&utm_source=emailCampaign&utm_content=&utm_medium=email (https://www.morebikes.co.uk/news/67560/seven-questions-raised-about-the-norton-motorcyles-collapse/?utm_campaign=%28BA%29%20MoreBikes%20Newsletter%20-%2031JAN2020&utm_source=emailCampaign&utm_content=&utm_medium=email)


https://www.theguardian.com/business/2020/jan/30/taken-for-a-ride-how-norton-motorcycles-collapsed-amid-acrimony-and-scandal#img-1 (https://www.theguardian.com/business/2020/jan/30/taken-for-a-ride-how-norton-motorcycles-collapsed-amid-acrimony-and-scandal#img-1)
Title: Re: Norton go into administration
Post by: ogri48 on 01 February 2020, 05:38:04 PM
yup, its starting to look like a long con. That leaves a bitter taste, especially as most of us really wanted Norton to fly again. .  :( :( it did seem a little odd that they were developing and marketing the v4 and the smaller bikes me and Dave saw at the show, whilst the 'Classic' Commando still had a reputation for reliability to claw back. It would have made much more sense to sort those bikes first; perhaps even to do what Honda did after the disastrous vf750, over engineer new vfr versions and sell them at a loss to get their reputation back. It seems Garner had the funds, albeit gained in what is turning out to be some very shady dealings. sad day all round really.
Title: Re: Norton go into administration
Post by: ogri48 on 01 February 2020, 05:54:33 PM
btw theres talk the real atlas engine never actually ran, and was a 3d printed piece of plastic. Hence we couldn't get near it during the show. If thats true, thats even worse than what garner did to spondon...
Title: Re: Norton go into administration
Post by: mtread on 01 February 2020, 11:52:26 PM
Quote
btw theres talk the real atlas engine never actually ran, and was a 3d printed piece of plastic. Hence we couldn't get near it during the show. If thats true, thats even worse than what garner did to spondon...
I thought I remember seeing a cut-through engine in a display case at the show. Or perhaps that was just the V4.
Wonder if they'll be at the London show week after next? :rolleyes
Picked up some brochures last time. Collector's items?  :lol
Title: Re: Norton go into administration
Post by: coffee on 02 February 2020, 01:39:57 AM
Was just reading that John Mcguiness is asking if anyone sees Garner tell him to get in touch as he owes him £60,000 for last years TT ! :eek
Title: Re: Norton go into administration
Post by: steve 10562cc on 02 February 2020, 06:38:42 AM
Was just reading that John Mcguiness is asking if anyone sees Garner tell him to get in touch as he owes him £60,000 for last years TT ! :eek
From what I've been reading that's just a drop in the ocean.
Title: Re: Norton go into administration
Post by: Gnasher on 02 February 2020, 09:59:29 AM
Garner's other 2 companies one being Priest House Hotel in Castle Donington is also in administration, seems there's a theme here.  He and his companies have had millions poured into them over the years and Norton fails because they can't pay 300k tax bill, perhaps the same for the others.

I smell a huge art here  :stop like they didn't know they've got to pay the tax!  I'd also take a bet they've not paid the employers pension contributions either, another Phillip Green stunt.  Garners more than likely put Norton in the name of his aunt or such like, in which case he owes nothing and pops up somewhere else.

According to reports last year Norton had £6.7 million in sales on which they made pre tax profit £33,701................. really  They pay over inflated prices for services, by companies they or their mates/family own and get nice little kick backs all round.   The HMRC has a lot to answer for how can a business run like that without it ringing alarm bells.         
Title: Re: Norton go into administration
Post by: mtread on 02 February 2020, 11:38:44 AM
My guess is the £300k is mostly VAT. You sell a bike, charge the customer 20% VAT, then stick it in your pocket.
Title: Re: Norton go into administration
Post by: ogri48 on 02 February 2020, 11:58:57 AM
you wouldn't people could still run long firms in this day and age. but its looking very much like that was the case. I got the 3d plastic printed engine nod from a tuner who has worked with them, thankfully for him far enough back in the past that he got paid. Give Nortons their due though, when they 'hole a piston' they dont foc about... :lol
Title: Re: Norton go into administration
Post by: mtread on 02 February 2020, 12:12:12 PM
Think they need to run a compression test  :rolleyes
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 05 February 2020, 08:40:31 PM
 Just seen this on twitter in reply to MCN.


 
Quote
by my maths,AT LEAST £33M income that we know of by your approx stats & figures) & 625 bikes made? Obvs that figure doesn’t include all business outgoings,still an average of £54k per bike?
£54,000 a bike? 




 
Title: Re: Norton go into administration
Post by: coffee on 07 February 2020, 08:11:17 PM
Just watched a U/tube video and they've took millions in deposits from the U.K,U.S.A.,and Japan and even invited them to some swank do recently as prospective buyers!! talk about taking the piss. :foc
Title: Re: Norton go into administration
Post by: ogri48 on 13 February 2020, 06:29:24 PM

it get worse. Of the few people who had got their v4s, many went back to the factory for warranty issues on paint etc. Norton stripped the customers bikes down to the frame and engine, then used the parts to assemble other bikes to con more deposits etc. when the shit hit the fan and the owners went back to the factory to pick up the bikes they had left with minor warranty issues, all they got to take home was this...
Garner ran 6 aston martins amongst his fleet of cars. If he doesnt do some serious time for fraud/ theft on a huge scale, id really like to know why that is.
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 13 February 2020, 07:38:34 PM
 Don’t forget the three Range Rovers and the Jag F Type.
More here……….
https://www.theguardian.com/business/2020/feb/12/inquiry-government-funding-norton-motorcycles?CMP=share_btn_tw (https://www.theguardian.com/business/2020/feb/12/inquiry-government-funding-norton-motorcycles?CMP=share_btn_tw)
 
Title: Re: Norton go into administration
Post by: mtread on 13 February 2020, 08:33:15 PM
Absolutely shocking.


Not the first time a sharp salesman has duped everybody, and not the last.
Title: Re: Norton go into administration
Post by: unfazed on 13 February 2020, 09:14:04 PM
Damm :'( and I had bought a season ticket to watch Norton racing round the Circuit of Wales :'(
How the hell did he get away with this for so long and stripping customers bikes in for warranty.
Money was still being taken as deposits only a  week before going into Administration.

 
Title: Re: Norton go into administration
Post by: coffee on 14 February 2020, 05:59:12 PM
Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(
Title: Re: Norton go into administration
Post by: ogri48 on 14 February 2020, 06:19:14 PM
that they must. I think thats the real sting in the tail...most brit bikers wanted them too succeed, and I really thought they had. It looks more and more like the firm had so much investment from the government, pension pots etc, they could have come good. but that was never really  Mr 'Im a petrolhead biker myself' garners plan. Absolutely gutting really.
Title: Re: Norton go into administration
Post by: robbo on 14 February 2020, 07:05:00 PM
Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(
Don’t forget Francis Beart, famous for his Norton development. Having watched a U tube clip on the subject, the figures involved are obscene. Other than the £300k owed to HMRC, there’s also £14mill to UK pensioners,£5mill in deposits from US customers,£16mill deposits from UK customers, £20 mill deposits from Japanese customers, £5mill owed to Chinese development companies, £4 mill in UK grants, and a £750k loan to UK banks. And no doubt that’s just for starters. :eek :eek
Title: Re: Norton go into administration
Post by: ogri48 on 14 February 2020, 07:10:49 PM
how can shit like this even get that far in this day and age? I cant see how he aint gonna be banged up for a long stretch, it really is mind boggling. gawd I wanted one of the 961 commandos when they came out,; im guessing they might be pretty cheap secondhand soon, if you want to risk the reliability issues  :rolleyes
Title: Re: Norton go into administration
Post by: mtread on 14 February 2020, 07:24:01 PM
He's actually claiming to be a 'victim' of pension fraudsters  :(
Title: Re: Norton go into administration
Post by: YamFazFan on 14 February 2020, 09:56:41 PM

Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(


Different circumstances I know, but to be fair the marque as most people knew it fell to its knees and collapsed about 50 years ago :\
Title: Re: Norton go into administration
Post by: steve 10562cc on 15 February 2020, 07:13:42 AM
A lot of people were looking a Norton through rose tinted specs, and got took advantage of.
Title: Re: Norton go into administration
Post by: Gnasher on 15 February 2020, 08:50:17 AM
how can shit like this even get that far in this day and age?


Because there's too many others with their noises in the troff, keep your eye on HS2 there's another massive scam!
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 15 February 2020, 12:21:19 PM
 It’s interesting that there seemed to be a queue of Tory MPs lining up to associate themselves with this ‘great British brand’.


Stephen Barclay the BREXIT secretary stated that Norton was an example of a “great business” that would thrive when Britain leaves the EU. 



Stuart Garner the boss at Norton claimed he had no fears about BREXIT and said it would bring “huge opportunity” “It's what the country voted for so let's get on with it,"


Norton went bust the very same week the UK left the EU. 
 
Title: Re: Norton go into administration
Post by: coffee on 15 February 2020, 11:24:18 PM
Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(
Don’t forget Francis Beart, famous for his Norton development. Having watched a U tube clip on the subject, the figures involved are obscene. Other than the £300k owed to HMRC, there’s also £14mill to UK pensioners,£5mill in deposits from US customers,£16mill deposits from UK customers, £20 mill deposits from Japanese customers, £5mill owed to Chinese development companies, £4 mill in UK grants, and a £750k loan to UK banks. And no doubt that’s just for starters. :eek :eek




 How could I forget the great Francis Beart with his trade mark pale green masterpieces,he even used to take metal out of the ends of engine bolts and hollow out non load bearing ones,all in the pursuit of light weight and when the 350 Manx was no longer competitive he turned his magic to the 350 Aermacchis which were works of art. :thumbup













Title: Re: Norton go into administration
Post by: agricola on 16 February 2020, 11:52:30 AM
It’s interesting that there seemed to be a queue of Tory MPs lining up to associate themselves with this ‘great British brand’.


Stephen Barclay the BREXIT secretary stated that Norton was an example of a “great business” that would thrive when Britain leaves the EU. 



Stuart Garner the boss at Norton claimed he had no fears about BREXIT and said it would bring “huge opportunity” “It's what the country voted for so let's get on with it,"


Norton went bust the very same week the UK left the EU.


 :z :z :z :z :z :z :z
Title: Re: Norton go into administration
Post by: ogri48 on 16 February 2020, 12:15:12 PM
Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?
Title: Re: Norton go into administration
Post by: coffee on 16 February 2020, 07:50:21 PM
I'll go along with that!
Title: Re: Norton go into administration
Post by: unfazed on 16 February 2020, 07:53:33 PM
And so say all of us. :eek
Title: Re: Norton go into administration
Post by: YamFazFan on 16 February 2020, 08:14:16 PM
I wondered how long it would be :z
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 16 February 2020, 08:31:51 PM
 
Quote
Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?
What I’m saying is the Tory government poured cash into this ‘most British’ of businesses.  Were they audited?   Why did they not know about the pension fund concerns?  Meanwhile, Norton thanked them for the cash by praising BREXIT, and the Tories had the media push the story.  Great British buiness looking forward to BREXIT - blah blah blah.  Maybe they didn’t care – maybe all they wanted was their pro BREXIT story.


Who knows – the whole thing sucks – just like BREXIT itself. ;)
 
Title: Re: Norton go into administration
Post by: YamFazFan on 16 February 2020, 10:54:40 PM
Yes, yes of course :) . Have a lie down and try to get some rest, things might seem better in the morning :)
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 16 February 2020, 11:16:43 PM
Yup tax payers money down the drain.Private investors ripped off by a company with full government confidence.I don't think things will look better for them any time soon. :\
Title: Re: Norton go into administration
Post by: Gnasher on 17 February 2020, 08:08:47 AM
As I said keep your eye on HS2! 



Title: Re: Norton go into administration
Post by: agricola on 17 February 2020, 05:00:29 PM
Quote
Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?
What I’m saying is the Tory government poured cash into this ‘most British’ of businesses.  Were they audited?   Why did they not know about the pension fund concerns?  Meanwhile, Norton thanked them for the cash by praising BREXIT, and the Tories had the media push the story.  Great British buiness looking forward to BREXIT - blah blah blah.  Maybe they didn’t care – maybe all they wanted was their pro BREXIT story.


Who knows – the whole thing sucks – just like BREXIT itself. ;)


 :z :z :z :z :z :z :z
Title: Re: Norton go into administration
Post by: ogri48 on 17 February 2020, 07:54:45 PM
this is very very  much worth a read...https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start (https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start)
Title: Re: Norton go into administration
Post by: robbo on 17 February 2020, 09:31:33 PM
Such a shame that the name Spondon, so well respected in the past, has been dragged through the dirt. If the original retiring partner hadn't been so desperate for cash, then no doubt this financial tragedy wouldn't have happened.
Title: Re: Norton go into administration
Post by: unfazed on 17 February 2020, 09:42:41 PM
Read that earlier today  :rolleyes
Title: Re: Norton go into administration
Post by: mtread on 17 February 2020, 11:43:23 PM
Blimey. More of a crook than even I thought
Title: Re: Norton go into administration
Post by: ogri48 on 18 February 2020, 09:20:58 AM
unreal aint it?. I always thought Norton had been bought by a multi millionaire businessman, not some bloke who ponsed 90 grand off his dad and chanced the rest to build a long con :(
Title: Re: Norton go into administration
Post by: mtread on 18 February 2020, 09:51:44 AM
What I don't get, is why didn't he just play it straight? Decent bikes, albeit niche, at a premium price. Plenty of orders from the US.
If CCM can make a go of it. Why do the con man?
Title: Re: Norton go into administration
Post by: coffee on 18 February 2020, 02:22:24 PM
Scared of losing a few quid doing things the right way,just a typical silverspoon tosser. :finger :foc
Title: Re: Norton go into administration
Post by: Gnasher on 18 February 2020, 05:32:29 PM
Greed  :finger
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 18 February 2020, 06:38:15 PM
 Questions need to be asked about the grants and loans they received.  Were audits carried out, if not, why not, and if they were, why did they not pick up that the business was bent.   Laws need to be tightened on Pensions investment rules. 
https://www.theguardian.com/business/2020/feb/12/inquiry-government-funding-norton-motorcycles (https://www.theguardian.com/business/2020/feb/12/inquiry-government-funding-norton-motorcycles)
 
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 18 February 2020, 06:39:20 PM
Quote
this is very very  much worth a read...https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start (https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start)
Jesus.  Appears the whole thing sucked right from the start. 
Title: Re: Norton go into administration
Post by: ogri48 on 19 February 2020, 07:48:34 PM
What I don't get, is why didn't he just play it straight? Decent bikes, albeit niche, at a premium price. Plenty of orders from the US.
If CCM can make a go of it. Why do the con man?

it really is a crying shame innit. as you say, with all that going for them, if he had been straight, Norton would have worked.
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 22 February 2020, 10:26:17 AM
Meanwhile Triumph has announced this week that they are moving the remainder of their production out of the UK.Triumph is no longer a British manufactuerer.
Title: Re: Norton go into administration
Post by: Gnasher on 22 February 2020, 11:37:53 AM
Meanwhile Triumph has announced this week that they are moving the remainder of their production out of the UK.Triumph is no longer a British manufactuerer.


One of the first casualties of........ yep you guessed it the B word, there'll be a good few more........... 
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 22 February 2020, 01:16:56 PM
Yup more and more manufactuering has and will continue to leave the UK. 
Title: Re: Norton go into administration
Post by: YamFazFan on 22 February 2020, 07:23:53 PM
Meanwhile Triumph has announced this week that they are moving the remainder of their production out of the UK.Triumph is no longer a British manufactuerer.


One of the first casualties of........ yep you guessed it the B word, there'll be a good few more...........
Here's the story from MCN this week. Not a single mention of Brexit.
Of the 65,000 bikes Triumph produce 90% are already manufactured in Thailand.

They will still be making around 4500 bikes at Hinckley and making significant investment in R&D here, but the last of the volume models is moving to the factory abroad. It means around 2000 less units per year made in the UK.
https://www.motorcyclenews.com/news/triumph-production-thailand/ (https://www.motorcyclenews.com/news/triumph-production-thailand/)
Title: Re: Norton go into administration
Post by: YamFazFan on 22 February 2020, 09:02:15 PM
One of the first casualties of........ yep you guessed it the B word, there'll be a good few more...........
No, you 'guessed' it was the the B word. And guessed wrong.
Title: Re: Norton go into administration
Post by: steve 10562cc on 23 February 2020, 07:24:51 AM
Just gazing into the crystal ball again
Title: Re: Norton go into administration
Post by: YamFazFan on 23 February 2020, 08:24:55 AM
Just gazing into the crystal ball again
Every single bit of 'bad news' is going to be leaped upon and blamed on Brexit now, regardless of whether it's got anything to do with it or not.
90% of Triumph production was already in Thailand prior to Brexit, so was that a consequence of EU membership? :rolleyes
Title: Re: Norton go into administration
Post by: BMCfaz on 23 February 2020, 08:57:29 AM
Does the failure of Norton remind anyone else of Mel Brooks' The Producers?
The company was meant to fail - like 'Springtime for Hitler' - and when it didn't the money had to be accounted for.
Title: Re: Norton go into administration
Post by: Gnasher on 23 February 2020, 10:45:25 AM
No, you 'guessed' it was the the B word. And guessed wrong.



Nope, the UK manufacture will slow and then stop, development only even that could well go.   
Title: Re: Norton go into administration
Post by: YamFazFan on 23 February 2020, 10:49:47 AM
One of the first casualties of........ yep you guessed it the B word, there'll be a good few more...........
No, you 'guessed' it was the the B word. And guessed wrong.


Nope, the UK manufacture will slow and then stop, development only even that could well go.   
And that's all directly a result of Brexit?.
Title: Re: Norton go into administration
Post by: Gnasher on 23 February 2020, 12:42:39 PM

And that's all directly a result of Brexit?.


The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of  UK.  If we don't get a deal anything from the UK will cost more, some industrial bodies are quoting 20% or more.  Within the next few years much of our manufacturing will disappear if we don't get a good deal with the EU.

The likes of Mini (BMW), Toyota, Nissan, whats left of Vaxuhall just vans now I think will go, Honda in Swindon we already know about.  I know people from there and regardless of what's said officially, it is Brexit, they aren't willing to make the future investment in the UK.   

Wait till the financial sector takes it's hit if we don't get a deal! 

Anyway enough of the B word, we'll all find out very shortly. :rolleyes
Title: Re: Norton go into administration
Post by: pilninggas on 23 February 2020, 01:10:41 PM
Norton tried to do what lots of small volume UK motorcycle manufactures before them had done tried to up the volume without really considering the cash flow. They then started taking payments and using them to keep it all looking rosey. It reflects very poorly on the CEO (on the fiddle?)


UK Manufacturing is booming: Rolls Royce have just opened another composites centre and are expanding Derby. Siemens are opening a huge train plant in Goole. [size=78%]https://www.cityam.com/uk-pmi-manufacturing-grows-at-fastest-rate-in-10-months/ (https://www.cityam.com/uk-pmi-manufacturing-grows-at-fastest-rate-in-10-months/)[/size] . The risk now is corona affecting the supply chain not brexit. thank goodness Corbyn never got in, the outlook would be grim.


Title: Re: Norton go into administration
Post by: YamFazFan on 23 February 2020, 01:45:28 PM

And that's all directly a result of Brexit?.


The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of  UK.
So the further 2000 bikes that are going to be manufactured in Thailand now are simply following the approx 60,000/90% that have already been made there prior to Brexit?.
Being in the EU hardly preserved their home manufacture did it? :rolleyes
Title: Re: Norton go into administration
Post by: YamFazFan on 23 February 2020, 01:47:40 PM
I know people from there and regardless of what's said officially, it is Brexit, they aren't willing to make the future investment in the UK.   
I know people who claim we never went to the moon. I prefer to rely on the official version of events :)
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 23 February 2020, 06:25:15 PM
Quote
The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of  UK.  If we don't get a deal anything from the UK will cost more, some industrial bodies are quoting 20% or more.  Within the next few years much of our manufacturing will disappear if we don't get a good deal with the EU.
 
The likes of Mini (BMW), Toyota, Nissan, whats left of Vaxuhall just vans now I think will go, Honda in Swindon we already know about.  I know people from there and regardless of what's said officially, it is Brexit, they aren't willing to make the future investment in the UK.   
 
Wait till the financial sector takes it's hit if we don't get a deal!
 
Anyway enough of the B word, we'll all find out very shortly.

Indeed, we do about almost 50% of our trade with the EU.  Any economist will tell you that your immediate neighbours will always be your most important trade partners.  The EU gives us access to 27 nations, with the 27 governments, around 27 languages, cultures etc, but all operating as one open market under a common set of rules.  It really is quite amazing. 



The EU also gives, or gave us over 50 comprehensive trade agreements across the globe.


Now it looks as we might be about to throw that all away.  The current government is clear that it favours a hard BREXIT, which will make trade more difficult with the EU and the other countries that we access across the globe through those EU stuck deals that we were major negotiators in.


Fours years in, and no clear result insight, few manufactures are prepared to take the considerable risk of investing in the UK, and those that are home grown or have already invested in the UK are, one by one, leaving.


The leading BREXITEERS are comfortable with this.  Both Johnson and Rees-Mogg are admirers of the leading BREXIT economist Professor Minford.  Minford is quite clear, that whilst he favours a hard BREXIT, it will not only destroy UK automotive manufacturing but UK manufacturing as a whole. Not much will be left.


Quote
It will be in your interests to do it, just as in the same way we ran down the coal and steel industries
Professor Minford

Remember this is what you voted for.  :o
 
Title: Re: Norton go into administration
Post by: YamFazFan on 23 February 2020, 06:36:38 PM
Any economist will tell you that your immediate neighbours will always be your most important trade partners. 
Like England and Scotland :)
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 23 February 2020, 06:38:12 PM
Quote
Like England and Scotland
Of course.
Title: Re: Norton go into administration
Post by: coffee on 24 February 2020, 12:38:25 AM
and Ireland and Wales  :lol :lol :lol :lol :lol :lol :lol :lol :lol :lol :lol  not!!
Title: Re: Norton go into administration
Post by: Dudeofrude on 24 February 2020, 08:05:42 AM
and Ireland and Wales  :lol :lol :lol :lol :lol :lol :lol :lol :lol :lol :lol  not!!

Isn't that where we import all this foccing rain from 😅
Title: Re: Norton go into administration
Post by: VNA - BMW Wank on 08 March 2020, 01:29:18 PM
Quote
this is very very  much worth a read...https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start (https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start)
Part 2
https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start-part-two (https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start-part-two)
Title: Re: Norton go into administration
Post by: robbo on 02 April 2020, 08:44:45 AM
What a slippery foccer that Garner was. It appears he sold the rights to the 961 engine to Chinese firm Jinlang, just days before Norton went under. They'll be able to put that engine in their own bikes from now on it would seem. A slight bit of good news I suppose if you've got a 961, as engine spares should be a possibility. Jinlang apparently have close ties with Zongshen, who were due to produce the 650 twin engine for the Combat and Nomad models.
Title: Re: Norton go into administration
Post by: unfazed on 18 April 2020, 09:33:01 AM

Norton Motorcycles SOLD to Indian giant TVS for £16millionhttps://www.motorcyclenews.com/news/norton-motorcycles/ (https://www.motorcyclenews.com/news/norton-motorcycles/)
Title: Some good news for those who paid deposits on Nortons
Post by: unfazed on 24 April 2020, 07:44:14 PM
https://www.motorcyclenews.com/news/norton-motorcycles/?fbclid=IwAR2plHbpO4tTW8o2-ecVVDLl_0iMX-rYXQXqVhnLG4c5sNKUEzM4TLL8ieM (https://www.motorcyclenews.com/news/norton-motorcycles/?fbclid=IwAR2plHbpO4tTW8o2-ecVVDLl_0iMX-rYXQXqVhnLG4c5sNKUEzM4TLL8ieM)