Banks come to Aprilia’s rescue

A deal to save Aprilia was on the verge of being signed on Monday night (May 3).

It will see Italian banks offer a lifeline by covering a £5 million interest payment currently owed by the firm. And the good news is that the banks’ support is likely to mean the firm gets back to full production sooner rather than later.

At the moment just three of the seven Aprilia production lines are running and they are making bikes in only limited numbers. The lines that are running are mainly making Milles and Tuonos. Four lines haven’t produced a machine in at least two weeks.

But the banks will be keen to get them rolling again to make sure they get their money back.

Most workers at the Noale factory are expecting to return to work by the end of this week when all seven production lines should resume.

Read the full story, its impact on Jeremy McWilliams and Shane Byrne and what it means for a range of new MotoGuzzis in MCN out on Wednesday, May 5.

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