TVS Motors can buy Norton Motorcycles?!
Sad story revolved around a British motobrend Norton Motorcycles. Who would have thought that the company will become the center of financial scandals. In January, the firm declared bankruptcy, then began to receive news about a serious suspicion of fraud in Finance, pension Fund and other things.
According to the latest news the Indian company TVS Motors (the third largest motorostoitel in India) are willing to buy Norton and is taking concrete action. For Indian monocompany this is a great opportunity to market a more premium technology compared to make now. At the moment, TVS Motors lose in the price. Over the past year the share price fell by 40%. Buy Norton can help to restore the reputation.
TVS Motors has asked the liquidators Norton with the potential offer of purchase. No decisions yet have been taken.
We recently wrote that Norton probably sold all rights and patents to the motor 961.