MV Agusta isn't bankrupt; is restructuring its finances

There were reports that MV Agusta, the motorcycle manufacturer with considerable amounts of motorsport heritage, had filed for bankruptcy in its country of origin, Italy. This however isn't true as the manufacturer, in a press release, says that it is only restructuring its finances. Certain online reports suggest that MV filed for Chapter 11 bankruptcy, which is a type of bankruptcy that buys the company some time to turn its fortunes around, freezing loans and assessing and saving whatever positive assets might remain. This however was a...

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Mar 30, 2016 14:00:40 IST

Also See