Aprilia stops making bikes
Aprilia has stopped making bikes as it fights for financial survival. The firm must find £5 million by May 3 or be declared bankrupt.
The Italian manufacturer is £147million in debt and suppliers are now refusing to deliver parts – which explains the halt on the production line. The £5 million will simply cover interest due.
The crisis has knock-on effects for Aprilia-owned Moto Guzzi and Laverda and for Shakey Byrne’s MotoGP deal.
Aprilia says there are as many as 15 firms lining up with rescue packages. Read the full story in MCN, out on Wednesday April 28.