Hopes that reorganisation of the Italian manufacturer will secure its future.
It has been reported that MV Agusta has filed for Chapter 11 bankruptcy in an attempt to try and find a way to reorganise its business and continue to build the iconic Italian motorcycles.
Unlike a typical bankruptcy where a company goes into receivership and assets are sold to recoup money for debts, Chapter 11 allows a period to try and get the business into profit and repay debts.
Since the brand’s resurrection by Cagiva in 1991 it has never been smooth sailing for MV. After a period of greatness on the back of the release of the F4 in the mid-90s, things went downhill. It was bought by Malaysian car builder Proton in 2004, sold to an equity firm in 2005, bought by Harley-Davidson in 2008, and in 2010 it was bought off Harley-Davidson by Cagiva founder’s son Claudio Castiglioni.
In 2013 Mercedes-AMG took 25 percent ownership of the company with the promise of shared resources and know-how to benefit MV as it has done with Ducati and Audi’s similar partnership. There has been no official statement from MV Agusta, or Mercedes-AMG, about the future of the company but it is expected to come early next week as most of Europe has national holidays for Easter until then.
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