The classic British motoring marque Norton Motorcycles has slumped into administration, marking the latest crisis for the 122-year-old brand. Norton – which is famed for its starring roles in the adaptation of the Che Guevara memoir, The Motorcycle Diaries, and the James Bond film Spectre – was acquired by an entrepreneur called Stuart Garner in 2008, after it had been under US ownership and had ceased producing bikes. Garner pledged to return the marque to its former glories. However, the company appears to have been engulfed by a developing financial crisis, which has seen it being pursued this month by HMRC for £300,000 in unpaid taxes. “We are currently assessing the position of each of the companies in order to conclude upon the options available to them and the most appropriate way forward.”

Source: The Guardian January 29, 2020 19:18 UTC