North American ownership
Chief Executive Phillippe LeRoux attempted to diversify the company to a group with interests in property and leisure.[43] At this point the Department of Trade and Industry started to investigate improprieties in the investments of financier Philippe LeRoux and his associates[44] following which LeRoux resigned his position as Chief Executive.[45]
In a move to manage an outstanding debt of £7 million, in 1991 David MacDonald was appointed Chief Executive at the behest of the Midland Bank. McDonald sold the company to the Canadian company Wildrose Ventures in 1993 for around half a million pounds.[46][47]
Head of Wildrose Ventures Nelson Skalbania reformed the company as Norton Motors (1993) Ltd., putting his daughter Rosanda in place as General Manager at the Shenstone site.[48] The new ownership attempted to reclaim from public exhibition premises and place for auction with Sothebys ten historic motorcycles, estimated at the time to be worth £50,000,[46] including a 1904 Triumph first exhibited in 1938, which had been variously distributed to National Motor Museum, Beaulieu, Science Museum, London and Coventry Transport Museum.
This proved controversial as the museums had assumed the loans had been made on a permanent basis, and former Chief Executive David MacDonald stated "Without doubt anything which existed before 1984 does not belong to the present company. The assets were simply not transferred".[49][50]
Wildrose Ventures was ordered by the Alberta Stock Exchange to cease trading.[46][47] In 1994 ownership of the company reverted to Aquilini Investments as Skalbania was unable to repay the money he had borrowed to purchase the company. The Skalbania connection was reported as being severed by July of that year[51]
Aquilini formed Norton Motors, International, whose principal shareholder was Global Coin Corporation, an Aquilini controlled company. To hide its assets from creditors Norton was transferred to the Norton Acquisition Corporation and then to Hallmark Properties, which changed its name to Norton Motorcycles Inc. All of these were Aquilini controlled companies.[52]
Joseph Novogratz entered an agreement with Robin Herd of March Engineering to use the name March when the company was liquidated[53] and formed March Motors Limited, a UK company, in 1995. The following year the company was transferred to Minnesota.[52] The company engaged Melling Consultancy Design (MCD), run by ex-F1 engineer Al Melling, to design a range of motorcycles, the flagship model being the 1500 cc v8 Nemesis. Aquilini approached March for using the Norton name for the bikes. A joint venture was set up, Norton Motors International Inc, with all of Aquilini Norton assets, including the Shenstone factory, transferred to the new company.[54]
The new model line-up was presented at an investors meeting in London's Dorchester Hotel in December 1997 including prototypes of the 750 cc four-cylinder Manx and the Nemesis. Production was due to start at Shenstone in late 1998.[54] Production was subsequently delayed and investors lost faith in the project. By November 1999 Norton Motors International were bankrupt.[53] Melling and Norton ended up in court over the Nemesis prototype.[55]
Freedom Motorcycles were developing a v-twin cruiser. In July 2002 Global Coin issued them with a licence to use the Norton trademark in North America with an option to buy the trademark for $2.5 million.[52] Freedom set up a subsidiary company Norton Motor Co.[56] The legal right of Global Coin to issue the licence was put into doubt,[52] and in March 2003 the company relinquished the right to use the Norton name in return for an undisclosed cash payment. The company changed its name to Viper Motorcycles.[57]
In the 1990s Kenny Dreer of Vintage Rebuilds of Portland, Oregon started remanufacturing Commandos with an updated specifications and capacity increased to 880cc, calling the bikes the Norton Commando VR880.[58] In 1999 Dreer received a cease and desist notice from Aquilini claiming Dreer had no right to use the names and logos of Norton and Commando on the VR880. A 4-year legal battle followed, the result of which was Dreers' company, renamed to Norton Motorsports in 2000, acquired the rights to the Norton trademarks.[59] Dreer finalised a deal with Seifert to obtain the European rights to the Norton name, giving Norton Motorsports worldwide rights to the name.[60] However the costs to obtain the trademarks put the company in a poor financial situation.[59]
The VR880 had taken the Commando to the limit of its development and donor bikes were getting more difficult to obtain. Dreer wanted to build a more modern replacement for the Commando and development of the 952 started.[59] Further development of the 952 led to the 961 and prototypes of the 961 were well received by the motorcycling press in 2006,[60] but Norton Motorsports were unable to raise the finance to put the bike into production. Dreer's investor/business partner Oliver Curme put the business up for sale in 2008.[61]
An agreement was made with Claudio Castiglioni (entrepreneur) for MV to acquire the Norton name. Designer Massimo Tamburini started work on modern Commando twin. However the deal was vetoed by the bankers Gevi SpA, who controlled 57.75% of MV.[62]
Norton Rotary Engineering Ltd had been established at Shenstone, their main business being the supplying of part and servicing of rotary Nortons. They were put up for auction in November 2003,[63] and all the parts, technical drawings and intellectual property were purchased by Norton Motors Ltd.[64] In March 2004 Norton Motors Ltd opened premises in Rugeley, Staffordshire to service the needs of rotary owners.[65]