Article By Ministry of Bikes
Posted on 04 Jan 2017
No 2017 Superbike from MV Agusta
In a recent interview with Australian Motorcycle News, the CEO of MV Agusta revealed that unfortunately there will not be a new Superbike from the manufacturer this year. This is due to a difficult year, particularly at the beginning of 2016, where the company had to cut back on production, due to rising debt (apparently around €50 million) and very little cash available.
Supposedly, MV Agusta have in fact secured investment and are back in full production. It also has been said that instead of releasing a new superbike, the brand are still working on producing a new Brutale which is expected to carry the same four-cylinder engine as the F4, although increased to 1200-cc, and will be revealed at some point this year, after failing to debut at EICMA back in November.
Allegedly, Giovanni Castiglioni who is the CEO of MV Agusta, has sold around 40% of the company to the Black Ocean Investment Group, as well as cutting production from 9,000 to 5,000 units. In addition to this, the company have carried out some restructuring by reducing the workforce by about one third.
Who knows what we can expect from MV Agusta in the upcoming months. Keep your eyes peeled.