Am I screwed???

[caloots]

MV Agusta Applies for Chapter 11 Bankruptcy | Cycle World: Does the Italian manufacturer need to refresh its lineup to survive?

Literally haven't even put a mile on my f3.
Do I keep it or bring it back...?

[MoXzilla]

Ill take it

[caloots]

I'm not sure if I should worry..
You can have it for 15500

[MoXzilla]

I wouldnt worry, just wait till all the lewis hamilton fans buy that bike you will be ok. Ride that thing I bet it is fun. I mena i can ride it for you, Dont have that kind of money

[boosten lebaron]

Does this mean the price will drop? I'd buy one if they went even a little cheaper.

[KawiSmurf]

Pretty sure you'll be fine. If I remember correctly, Chapter 11 filings are mostly to reorganize/restructure a business plan. The consumer sees little impact.

If it was a Chapter 7 filing on the other hand, that would likely mean liquidating assets and closing the doors. But that's not the case here.

[jwm2k3]

Maybe Harley will buy them again....

[caloots]

Then mv will definitely fail..

[aldend123]

Pretty sure you'll be fine. If I remember correctly, Chapter 11 filings are mostly to reorganize/restructure a business plan. The consumer sees little impact.

If it was a Chapter 7 filing on the other hand, that would likely mean liquidating assets and closing the doors. But that's not the case here.

Right. When most people hear Ch11, they think Ch7 Liquidation. Ch11 means they're drowning in debt, and the current debts will suffocate the company. Bad for the debt-owners, and debatably bad for the business. Ch11 gives the business some power to re-arrange the loans. The counter-argument is that they just need to die off. GM and Chrysler (and Ford?) all filed Ch11 and were arguably successful. But unfortunately, I think they're in the minority. It definitely isn't a good sign. Especially with a company that seems almost like a boutique brand.

[jwm2k3]

Then mv will definitely fail..

Harley Davidson is the only reason MV still exists to this day. Harley paid a bazillion for MV, paid off all their debt and sold the company back to Castiglioni for 1 dollar.

Great bikes, horrible financial handeling of their own company.

- - - Updated - - -

Right. When most people hear Ch11, they think Ch7 Liquidation. Ch11 means they're drowning in debt, and the current debts will suffocate the company. Bad for the debt-owners, and debatably bad for the business. Ch11 gives the business some power to re-arrange the loans. The counter-argument is that they just need to die off. GM and Chrysler (and Ford?) all filed Ch11 and were arguably successful. But unfortunately, I think they're in the minority. It definitely isn't a good sign. Especially with a company that seems almost like a boutique brand.

Not Ford. They never took a bail out....

[Garandman]

The way I understand the situation (explained by someone else:

• Current owner ( the Castiglioni family) wants to retain control of the company, currently has a 51% stake.
• AMG owns ~25% and secured a loan (~$40M) to help them grow. Sales were up 30% last year.
• But the purchase agreement and loan covenants say if AMG ownership falls below 20% all the loans become due instantly.
• Company needs more capital but cannot get a loan, in part due to above. They owe vendors.
• AMG wants to invest more and potentially take over.
• Owner would like another company to invest, but no one can because of the conditions above.

MV Agusta Implements Project for Corporate Restructuring

[jwm2k3]

Any way you shake it, sexy bikes! I hope they continue and keep making sexy bikes...

The F4 1000S I owned was the hardest hitting power Ive ever felt. I would constantly say to myself in my helmet 'I cant believe how fast this bike is' and at 166hp Ive ridden bikes with more power....

Gawd, I want another one.

[caloots]

Thanks for all the info!!

True I believe.. Ford did not ask for a bail out

[caloots]

It is pretty.

[jwm2k3]

Id love to race an F3 in middleweights..... they turn so friggin nicely. Way better than my 848 racebike

[South of Heaven]

It is pretty.

Looks amazing dude.....Don't worry about it. If it was a Ducati then I'd tell you to sell it.

[Rosco61]

A Brutale 1090 rr would be in my garage right now if there was a dealer like Seacoast supporting the brand. I'm still tempted but Cycles? I don't think so not today

[motoarch]

You're fine. Mv does this every few years. It's the way they roll.

[jwm2k3]

Riverside is trying to attain an MV franchise...

[SteveM]

How hard could that be?

[Kurlon]

How hard could that be?

Still collecting box tops.

[caloots]

A Brutale 1090 rr would be in my garage right now if there was a dealer like Seacoast supporting the brand. I'm still tempted but Cycles? I don't think so not today

Why not cycles?? They screw you in the past??.. I don't trust any dealers but I bought my gsxr there and my mv and both times they had the best price.. I've never been there for service though.

[SteveM]

Still collecting box tops.

Exactly!

[jwm2k3]

How hard could that be?

Im told its a geographical thing, MV USA makes sure theres enough distance between dealerships....and Keith (co-owner of Riverside) was telling me they were far enough from C128 to do it, but MV USA was checking into it. Im also sure theres the whole 'new location, i hope we survive' aspect too, since moving Riverside has let go of both Kawasaki and Yamaha franchises, concentrating on Ducati and Triumph.

[jwm2k3]

A Brutale 1090 rr would be in my garage right now if there was a dealer like Seacoast supporting the brand. I'm still tempted but Cycles? I don't think so not today

And really, C128 is a great dealership. They have EVERYTHING, but i do understand that some buyers are sensitive, but if you go in know what you want and what you should pay, its an easy process. If you go in and let yourself get bonked on the head, well that your own fault.