Polaris Industries could take the plunge and add MV Agusta to its list of motorcycle brands. The American company already owns Victory, Indian and Brammo has come close to buying other motorcycle companies as well. This move from Polaris could save MV Agusta from its huge debts.
MV Agusta has accumulated debts that seemed to grow hand in hand with the business. After selling 25 per cent of their stock to AMG, MV Agusta secured a loan to keep things afloat, but it looks like it did not solve their problems. Even more, the loan would become due in its entirety in case AMG's participation in MV Agusta dropped below 20 per cent.
Polaris is a name that’s been linked with every troubled bike maker for years. Ducati, KTM and even Erik Buell Racing. Part of the latest elements of the plan are including a potential pairing-up with Polaris, the parent company of both Indian, Brammo and Victory motorcycles.
If this is correct then the news could be the best thing to happen to MV in a long time. Polaris turned around the fortunes of Indian when it bought the company in 2011. Prior to that Polaris, most famous as a stand-alone firm for making snow-mobiles, had recorded a clear profit of $147.1 million (Rs 985 crore).
The news in an Italian newspaper, says that the recovery plan would include intervention by Polaris and would see MV agree to producing 5,700 bikes a year instead of the 15,000 units previously planned.
