[dvnr] DriveTribe: TVS Motor Company acquires Norton Motorcycles!

[robertnorum1953 at gmail.com]

Thanks Jack - very interesting development. The industry acknowledges there
remains much profit potential left in the Norton marque. 

No mention of the recently reported sale of the 961 Commando engine design
to a Chinese consortium. 

"British motorcycle brand Norton sold the rights to the 961 engine platform
before the company went into administration. According to latest reports,
Norton's then CEO Stuart Garner and Chinese firm Jinlang's CEO Wu Huacong
finalized the deal just before the Norton brand officially slipped into
administration. According to one report coming from a Chinese website, a
strategic cooperation agreement was signed which could see Jinlang take over
the manufacture of the engines and supply of parts to 961 owners worldwide.
The Chinese firm could also hold production and operation rights, meaning
Jinlang could make the engine for use in other models under its own name in
the future." -
https://www.carandbike.com/news/norton-sold-961-engine-rights-to-chinese-fir
m-2205675  (April 3, 2020)

Cheers!

Bob

-----Original Message-----
From: DVNR <dvnr-bounces+robertnorum1953=gmail.com at casano.com> On Behalf Of
Jack Kimple via DVNR
Sent: Saturday, April 18, 2020 9:04 AM
To: dvnr at casano.com
Subject: [dvnr] DriveTribe: TVS Motor Company acquires Norton Motorcycles!

More news...

TVS Motor Company acquires Norton Motorcycles!
This is probably one of the most significant events of the decade in the
automotive worldPosted on DriveTribe by Ganesh Murthy. TVS Motor Company has
acquired iconic British motorcycle manufacturer Norton Motorcycles.
According to the press release, TVS completed its acquisition of Norton in
an all-cash deal for a consideration of GBP 16 million by...

Read in DriveTribe: https://apple.news/ACWUIA4SDQsSDFtNkzzQFKQ


Shared from Apple News


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