Norton Motorcycles Acquires Donington Hall

mike996 said:
Well, hope it works out. That shop looks large enough to actually produce real motorcycles at a competitive performance/price-point as opposed to boutique motorcycles that aren't.

There is a careful balance between volume, price and growth that they have to manage. Triumphs have done quite well and are not performance competitive compared to the Japs.

Norton will be fine at their end of the market for now.
 
The current 675 Triumph Daytona is generally rated at the top or near the top of the 600 class bikes for performance, although it might be a little more expensive than the Japanese bikes.
Back in 02 when they brought out the uprated 147 hp Daytona 955, it was equal to the Yamaha r1 in performance and was actually faster than both the R1 and GSXR 1000 for zero to sixty time (2.8 seconds). It was one of the fastest 0 to sixty bikes ever tested by Sport Rider. Suggested mrsp was $10,999 but actual selling prices were lower.
So Triumph has built some bikes that are very competitive with the Japanese for performance and price.
The Norton is quite a different animal, price is near double and the power output is about half of a 955 Daytona.
On the other hand,the Norton still has loads of power for real road use and looks like no other bike currently in production. It is very much like our Commandos in that regard. Perhaps the type of person who would purchase a 961 Commando is similar to those who would order a CNW Norton. I think the engine performance level of those is pretty much the same as our stock old Commandos but with a lot of improvements added for reliability and of course, some great styling. People purchasing those bikes aren't concerned about the performance/price equation at all, this is the bike they want, period.

It will be interesting to see if the orders for the 961 continue to pour in.



Glen
 
So Mr. Gardner seems to know what he's doing in real estate so hope he's got similar success with new Nortons.
http://en.wikipedia.org/wiki/Donington_Hall
In 1931, the then owner of the estate, Alderman John Gillies Shields, J.P., agreed to allow Fred Craner use of the extensive roads on the land for motor racing, thus creating the Donington Park circuit.[5] The circuit at Donington Park was closed in 1939 due to World War II, when it was requisitioned by the Ministry of Defence and was converted into a military vehicle depot and storage area.[6]


http://www.britishlistedbuildings.co.uk ... apel-stabl
Donington Hall and Attached Chapel, Stables and Game Room, Castle Donington

http://www.allposters.com/-sp/Donningto ... 2020321730
Donnington Hall, Derby, Used as a Prisoner of War Camp During World Wa
 
I wonder how much interest SG made on the nearly 500 bikes he had collected deposits for at one point. Enough for the down payment maybe?
 
Or you may have farted in your chair while typing. You are forgiven, happens all the time to me now. :D

Glen
 
Snorton74 said:
I wonder how much interest SG made on the nearly 500 bikes he had collected deposits for at one point. Enough for the down payment maybe?

At UK business intrerest rates? :roll:

Enough for a down payment on a garden shed perhaps? :lol:
 
LAB, UK interest rates and loans are worlds apart. I went to draw out some ISA money, the very helpful lady suggested i left my money in the account and take advantage of a competitive rate ....anyway she was a dish and with coffee thrown in i didnt mind spending some time in her lovely company.
The bottom line [no pun intended] was i could borrow my money at 12% and receive .5% ...point is Stew Gardner will not be earning a fortune in interest...but saving a fortune in loan interest. Punters [customers] dont charge him interest :lol:
 
I suppose the capital itself would be enough of a deposit. I hope they make it work and we don't hear any more stories of shady business practices. The most important ingredient in any business is integrity. IMHO
 
john robert bould said:
...point is Stew Gardner will not be earning a fortune in interest...but saving a fortune in loan interest.

If you remember, no bank was interested (sorry) in backing this venture originally, as it was perceived as being far too risky (perhaps rightly so).
 
It seems to me that (bizarrely) some people just want the new Norton to fail. Jeeeez, making a living in the UK is hard enough. I'm a draftsman and I've had to wait 18 months for payment - a very unsatisfactory situation but I did received payment. Setting up a new company while controlling costs,/balancing output/ paying loans and satisfying customers must be a Goddamn nightmare. Bikes are being delivered; it appears waiting times are falling even as the revamped Norton brand is being rolled out across the world.

Maybe the cynics on here could offer their extensive business experience to sort all Gardner's problems sometime next week; maybe that would satisfy them?

Clive

PS. If I wasn't going though a divorce my name would be in the waiting list!
 
....Want the new Norton to fail ? That would imply that I cared. Quite frankly, I don't give a damn, although I might feel a little more charitable if they had chosen their own name for the motorcycle rather than trying to trade on the borrowed glory of a brand that was obsolete almost forty years ago but which I value rather highly in its historical context.
 
lardygitTVR said:
It seems to me that (bizarrely) some people just want the new Norton to fail. Jeeeez, making a living in the UK is hard enough. I'm a draftsman and I've had to wait 18 months for payment - a very unsatisfactory situation but I did received payment. Setting up a new company while controlling costs,/balancing output/ paying loans and satisfying customers must be a Goddamn nightmare. Bikes are being delivered; it appears waiting times are falling even as the revamped Norton brand is being rolled out across the world.

Maybe the cynics on here could offer their extensive business experience to sort all Gardner's problems sometime next week; maybe that would satisfy them?

Clive

PS. If I wasn't going though a divorce my name would be in the waiting list!
+1
Yes and the other strange thing is the armchair exspurt blowhards who whine on about Norton most have no financial interest in them anyway, perhaps they need to get themselves over to Donington to see them being built and see it's not some clever scam to steal peoples deposits from them.

Colin
 
"it seems to me that (bizarrely) some people just want the new Norton to fail."

I guess it depends on what they, and their customers want. The current Norton business plan seems to have no resemblance to the original Norton business plan - which was to "mass produce" motorcycles that could compete performance and price wise with other available bikes of the period - or surpass them as the Commando did for a while. These bikes were available at dealers and you and I could walk in and buy one...and I did.

The current Nortons cannot compete performance/pricewise with the production bikes of similar types from any of the major makers. Sure, I get the cachet part of the deal - the "I'm willing to pay to have a Norton sticker on the side of the tank." So it just boils down to the fact that if their business plan IS to essentially make a couple of "custom" bike models in limited numbers then maybe they are doing OK/what they had planned to do. But I think many of us were hoping for a bike that would be available at the local dealer and competitive in price and performance to the Hondas, Triumphs, whatever. So I guess I'd say I'm disappointed with their choice of a business plan. But they didn't ask me! :)
 
snakehips said:
perhaps they need to get themselves over to Donington to see them being built and see it's not some clever scam to steal peoples deposits from them.

Colin


Peoples deposits ?? have been used to buy Donnington Hall, so how can it be a scam ?? :mrgreen: :mrgreen:

Sure be interesting to see how that was financed....
 
Quote .

Garner added, “We have worked with our local authorities and politicians to put the project together, special thanks go to N W Leicestershire Council and Andrew Brigden MP. We are also working with LLEP [Leicester and Leicestershire Enterprise Partnership] to put together our job creation and export growth plans, by working with LLEP we are able to put together a Regional Growth Fund application to enable further funding to help accelerate our growth plans and bring more job creation to the area as soon as possible”. We must also thank ASC Commercial Finance Nottingham for helping Norton arrange the best commercial funding for the purchase

http://motorsportsnewswire.wordpress.co ... ll-315135/

Now they just need a Designer to produce a World Beating parrallel Twin machine , and to get Brooklands operational again , for testing . :p
 
Commercial funding ? More debt ??
We waz hoping that some wealthy philanthropist had taken pity on them.

To get a loan, you have to have a repayment plan/schedule ?

Good luck to em, we say....
 
Some say there is no connection between the new 961 Commandos and our old bikes.
Isn't there a rather strong connection between the Dreer 880 and any of our Commandos?
And most will recall that Kenny Dreer went as far as he could with the 880s, making them into his personal vision of the ultimate Commando. At some point he realized a totally new Commando was the only way to go in order to have the increased level of performance along with reliability and longevity.
The bike now exists and the power output is considerably higher than that of a Dreer 880. According to the actual owners, it is a reliable machine and great to ride.

There is a direct connection between the 961 and the old Commando.

Did Norton owners offer this much criticism of Dreer's efforts? I don't recall that happening.

Glen
 
worntorn said:
Did Norton owners offer this much criticism of Dreer's efforts? I don't recall that happening.

Glen

I'm sure there were some whiny Brits who didn't like a Yank messing with their Norton. Of course they get it back and keep whining.

I sense a trend.
 
79x100 said:
....Want the new Norton to fail ? That would imply that I cared. Quite frankly, I don't give a damn, although I might feel a little more charitable if they had chosen their own name for the motorcycle rather than trying to trade on the borrowed glory of a brand that was obsolete almost forty years ago but which I value rather highly in its historical context.

For someone who has zero interest you were very keen to make a comment (third post in this thread). I assume you believe the current incarnation of Triumph should change its name. or maybe stop making motorcycles altogether?
 
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