Photo credits: visordown.com
In the motorcycle world, new issues has taken place in the commercial segment and we are here to constantly update you about the latest news within the two-wheeler dimension. Today’s news brings us to Italy, where it is announced that Mercedes AMG has sold its joint stake in the firm MV Agusta.
MV Agusta’s birth dates back to 1945 and made a comeback after a 17-year hiatus in 1997. The 25 per cent stake is now fully owned by MV Agusta Holding Company, owned by Giovanni Castiglioni and the Sardarov family.
Photo credits: Mashinsport
Photo credits: BMW Blog
The firm has had its ups and downs in the ownership. In 2004, Malaysia’s Proton took hold of it before handing it to a Swiss financing company. The Husqvarna sub-brand was also sold to German top gun BMW. Harley-Davidson also had its share in the firm for about a year before passing it back to MV Agusta.
According to the firm, the change will allow it to focus more of development new and interesting products such as a new four-cylinder motorcycle. Whether there are discussions on a new partner is yet to be known but it is likely for MV Agusta to stay solo for a while.
Photo credits: BenzInsider.com