marknorton said:This is not looking good for Norton at all.
See link to in depth investigation by Biker Glory. I for one am sorry this is going downhill so badly.
From the published accounts, the finances dont look too clever at all.
http://www.bikerglory.com/2012/08/the-norton-saga/
http://www.consumeractiongroup.co.uk/fo ... es-warning
Before you believe that the posting by Nick is the gospel on Norton, you should take a lot of the following interview conducted by respected industry insider, Todd Halterman.
http://www.motorcycleinsurance.com/inte ... ortongate/
It appears that Nick, the writer of the Biker Glory piece was wrong and judging by his comments, I'm starting to believe his sole intent is to slander Norton rather than to provide an objective perspective. Stuart Garner clearly answered his allegations regarding delayed delivery times, problems with suppliers and previous employees of Norton. The simple fact is that his op-ed (must refer to it as a heavily slanted editorial piece) only references the opinions of disgruntled former suppliers and employees, as well as customers that chose to get refunds rather than wait for their bike. Mr. Garner clearly expressed his remorse for the mistakes the company has made in the article with Todd. As a private company, Norton is under no obligation to talk about current financials although Mr. Garner did indicate that the company is well-positioned to continue growing. I hardly think that a reputable company such as Santander would partner with Norton as a racing sponsor if the company were in financial difficulty. Nick can continue to publish the accounts of the disenchanted, and pretend they are news, but what he's really doing in attempting to tarnish Norton is losing his own credibility and making those the perpetuate his ignorant rant, equally disdained.