Speed Wobbles at MV Agusta...
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.