Speed Wob­bles at MV Agusta...

NZ Autocar - - New Car Market -

It’s not the first time that MV Agusta has had fi­nan­cial dif­fi­cul­ties but it comes as a sur­prise that the Ital­ian mo­tor­cy­cle man­u­fac­turer is once again up against it, given the plethora of dif­fer­ent mod­els it has re­leased over the past few years. And per­haps that is part of the prob­lem; there are so many dif­fer­ent mod­els com­ing off the back of the Bru­tale 800, many of them es­sen­tially naked bikes.

Sev­eral news agen­cies have talked about bank­ruptcy but in fact MV Agusta is work­ing with its back­ers on fi­nan­cial re­con­struc­tion so it can con­tinue with its reg­u­lar op­er­a­tions, pro­vid­ing the com­pany’s cred­i­tors agree to new terms on debt re­struc­tur­ing. What’s likely to hap­pen is a debt freeze, al­low­ing mo­tor­cy­cle pro­duc­tion to restart, though fac­tory out­put will prob­a­bly be scaled back to around 7000 units an­nu­ally, mean­ing some lay­offs. Ev­i­dently the com­pany has around 40mil­lion Euro of debt.

MV Agusta’s stake­hold­ers still need to sign-off on the debt re­struc­tur­ing and we should know more about the fu­ture of this iconic Ital­ian brand at that time.

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