A local court in Varese, Italy has approved the plan that MV Agusta has for restructing its debt. This is the latest debt restructuring and approval granted to the iconic motorcycle manufacturer, and will see it through another phase in which everyone was expecting it to shut shop.
The approval will allow MV to close the investment deal with Black Ocean, the Russian firm that has shown interest in the company. The thorn in the company's side remains the investment from Mercedes-AMG, but it is quite possible that those shares will be purchased by Black Ocean. The company's new target is 9000 motorcycles per annum, and a smaller product portfolio.
Still, we can expect one new model from the company this year, and two more next year.
