It has been a long sad road for Norton Motorcycles lately, and we apologize for not covering the complete debacle that has unfolded from this historic British marque.
That being said, it is hard to condense what has happened to Norton in the past few months, as well as the accusations that have been levied at the company’s CEO Stuart Garner; but cutting to the point, the company has gone bankrupt, which has lead to allegations of the mishandling of funds and even of fraud.
Now after a week of rumors regarding a pending sale, on Friday we got confirmation that Norton Motorcycles has been sold to TVS Motors, the third-largest two-wheeled manufacturer in India, with a price tag of $20 million.