MV's Future Secure

MV Agusta boss says financial troubles are solved – and they’re working on three new models.

- Jordan Gibbons

MV Agusta have had a turbulent history that’s included five changes in ownership over the last 26 years. The last big buyout came in 2010 when the Castiglioni family bought MV back from a troubled Harley-Davidson. But, despite major investment from Mercedes-AMG in October 2014, which saw the German firm acquire 25% of the business, in March 2016 MV filed for protection from creditors with alleged debts of €40 million. Parts and warranty support became sporadic, factory insiders talked of production halting and staff being sent home.

Then, in October 2016 MV announced fresh backing from the Black Ocean Group – an investment firm that mostly focuses on emerging tech businesses and the deal was sealed last month.