MV Agusta in Some Financial Difficulty
MV Agusta, the well-known Italian motorcycle manufacturer, may have just have it record breaking world wide sales numbers but back home they're facing new problem: money.It's never enough, is it? And, sometimes you run out faster than you are willing to believe. MV Agusta have witnessed a 30 percent growth, and even had sales go up from 30 million Euro to 100 million Euro over the past few years, yet a recent report included an increasing amount of debt to suppliers, banks and tax authorities, among others.
Having changed owners frequently in the nearly 20 years since revival by Claudio Castiglioni, MV Agusta is also part owned by Mercedes-AMG, who have a 25 percent stake in the company.
Nevertheless, it still seems that MV Agusta are heading towards restructuring and neither company is willing to divulge what the future holds.Tag: MV-Agusta Financial Manufacturer Mercedes AMG Money
