MV Financial Woes - MVAgusta.net
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post #1 of 47 (permalink) Old 11-16-2006, 01:52 PM Thread Starter
 
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MV Financial Woes

Can anyone help me with any news of the Financial outlook of MV? Is it as bleak as it seems? Have there been any big developments since the Proton Sale for 1 Euro plus debt.

Last edited by jdog; 11-16-2006 at 01:55 PM.
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post #2 of 47 (permalink) Old 11-16-2006, 01:57 PM Thread Starter
 
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I am scheduled to buy Brutale 910 s but I am very nervous to do so when I read all about the financial issues of the company....
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post #3 of 47 (permalink) Old 11-16-2006, 01:58 PM
.....................Everything is fine man, relax....



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FBD
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post #4 of 47 (permalink) Old 11-16-2006, 02:00 PM Thread Starter
 
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What does "fine" mean?
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post #5 of 47 (permalink) Old 11-16-2006, 02:03 PM
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Fine means the Proton sale was a long time and several models ago!!

JamesC

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post #6 of 47 (permalink) Old 11-16-2006, 02:06 PM Thread Starter
 
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Is anyone out there?
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post #7 of 47 (permalink) Old 11-16-2006, 02:07 PM Thread Starter
 
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How are they doing now? WIll they be around long term?
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post #8 of 47 (permalink) Old 11-16-2006, 02:08 PM Thread Starter
 
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Thought Proton sale was spring 2006? No?
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post #9 of 47 (permalink) Old 11-16-2006, 02:11 PM Thread Starter
 
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Well, I am picking it up tomorrow. I was just hoping for some insight from people who know much more about it than me....
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post #10 of 47 (permalink) Old 11-16-2006, 02:11 PM
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Proton sold due to the fact *they* were in trouble and needed to bail out from under all the debt they were carrying, not just the responsibility/cost of running MV. The buyer got it for 1 Euro because they picked up all the MV debt and took that liability off of Proton's back.

As James points out, that deal was a long time ago - almost a year ago - and since then, MV has manufactured thousands of bikes, they've introduced many new models including several at this week's show, they've raced (very successfully) in European Super Stock and have just announced they will be racing in AMA Superbike with none other than the legend himself Erraldo Ferracci running the show. I'd love to be in that kind of shape.

Buy. Ride. Smile.

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