By James Riswick


Mercedes is out of the two-wheeled business.

Mercedes AMG sold its joint stake in Italian motorcycle maker MV Agusta. The company, which dates back to 1945 and was effectively resurrected after a 17-year hiatus in 1997, is now fully owned by MV Agusta Holding Company, itself a jointly held company consisting mostly of Russian investment dollars.

This is just the latest in a revolving ownership door at MV Agusta. After being resurrected by Cagiva, it was purchased by Malaysian carmaker (and long-time Lotus owner) Proton in 2004, which quickly flipped it to a Swiss financing company. Its Husqvarna subbrand was shortly thereafter sold off to BMW. Harley-Davidson then jumped into the ring for a year before selling to MV Agusta Holding headed by CEO Claudio Castiglioni. AMG climbed aboard with a reported 25-percent stake in 2014, arguably as an answer to Audi’s stake in Ducati (and of course BMW Motorrad).

Continue reading Mercedes AMG sells its stake in MV Agusta motorcycles

Mercedes AMG sells its stake in MV Agusta motorcycles originally appeared on Autoblog on Tue, 19 Dec 2017 17:45:00 EST.