MV Agusta has had a torrid time over the last year or so but things are looking up for the Varese brand now its new business plan has been given court approval.
Put into a form of bankruptcy protection last year, MV Agusta’s saviour appeared in November when it signed a deal for capital increase with investors Black Ocean. Now the Italian court has approved the firm’s new industrial plan, which will see MV reduce its overall production and focus on making more profit.
You can read about MV’s plan in our interview with boss Giovanni Castiglioni here.
Speaking about the court approval, Castiglioni said: “n the last 12 months, the implemented measures have brought MV Agusta back in positive cash flow generation, allowing the company to
accomplish the targets set in its plan and to consistently support product development and
consolidation of our main markets. MV Agusta has a completely new product line, born from
5 years of heavy investments that, along with our iconic brand, represent the key elements to
support our growth and our clients demand.”