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India’s TVS Motor buys British brand Norton Motorcycles

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India's third-largest motorbike manufacturer TVS Motor has sealed a $20 million deal to buy British brand Norton Motorcycles as part of a distressed sale. The all-cash transaction, which was announced on Friday, will see the Indian firm take control of the 122-year-old Leicestershire brand for 16 million pounds ($19.98 million) through one of its overseas subsidiaries. It marks the latest swoop by an Asian company on an iconic British brand, after Jaguar Land Rover became part of Tat

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India's TVS Motor buys British brand Norton Motorcycles originally appeared on Autoblog on Sat, 10 Oct 2020 23:58:00 EDT. Please see our terms for use of feeds.

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Harley-Davidson settles board fight with investor Impala

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An independent director, mutually agreed on by Impala and Harley, will join the board after the company's annual meeting, which was held in May last year, and before July 31. Impala, which owns roughly 2% of Harley's stock, nominated two directors two weeks ago as the $2.8 billion hedge fund wanted the iconic American brand to return to its roots after focusing on electric motorcycles and concentrate on its core riders. Harley and Impala entered the "agreement in the spirit of cooperation duri

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Harley-Davidson settles board fight with investor Impala originally appeared on Autoblog on Mon, 30 Mar 2020 14:15:00 EDT. Please see our terms for use of feeds.

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