I used to love Norton Motorcycles when i was at school and hoped one day to own one but ended up with several zap bikes due to price, looks like they moved with the times but they were expensive.
The famous British motorbike company Norton Motorcycles has gone into administration.
The Leicestershire firm was reportedly struggling to pay a tax bill and faced a winding-up order.
Founded in 1898, Norton is one of the last remaining British motorcycle brands and best known for its involvement in motorsport.
The administration puts about 100 jobs at its Castle Donington factory in question.
Lee Causer, of administrators BDO, said: "We are taking all necessary steps to ensure that customers, staff and suppliers are supported through the administration process.
"Our job is to determine and execute the most appropriate strategy as swiftly as possible to protect creditors' interests, bearing in mind the need to minimise distress for all parties."
Founded in Birmingham, Norton began making motorbikes in 1902 and soon became associated with races such as the Isle of Man TT.
Among its most famous models are the Dominator and the Commando, while its Norton Interpol was used by UK police in the 1980s. Vintage models are now considered collectors' items.
Its bikes have also featured in hit films such as the James Bond movie Spectre and the Che Guevara memoir, The Motorcycle Diaries.
Read in full - https://www.bbc.co.uk/news/business-51303905
The famous British motorbike company Norton Motorcycles has gone into administration.
The Leicestershire firm was reportedly struggling to pay a tax bill and faced a winding-up order.
Founded in 1898, Norton is one of the last remaining British motorcycle brands and best known for its involvement in motorsport.
The administration puts about 100 jobs at its Castle Donington factory in question.
Lee Causer, of administrators BDO, said: "We are taking all necessary steps to ensure that customers, staff and suppliers are supported through the administration process.
"Our job is to determine and execute the most appropriate strategy as swiftly as possible to protect creditors' interests, bearing in mind the need to minimise distress for all parties."
Founded in Birmingham, Norton began making motorbikes in 1902 and soon became associated with races such as the Isle of Man TT.
Among its most famous models are the Dominator and the Commando, while its Norton Interpol was used by UK police in the 1980s. Vintage models are now considered collectors' items.
Its bikes have also featured in hit films such as the James Bond movie Spectre and the Che Guevara memoir, The Motorcycle Diaries.
Read in full - https://www.bbc.co.uk/news/business-51303905
