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Lifestyle

Mercedes-Benz AMG sells stake in MV Agusta

Mercedes-Benz AMG sells stake in MV Agusta
Michelle Liew
July 27, 2017

Mercedes-Benz AMG sells stake in MV Agusta

Photo credits: CarAndBike

In case you missed out on news, we are always here to keep you well updated about the latest news in the industry!

 

Photo credits: Hiconsumption

Recently, it has been announced that German brand Mercedes-Benz’s performance division AMG no longer holds a stake in the Italian firm MV Agusta. Mercedes-Benz’s 25% stake has been sold after three years of ownership and the Italians have confirmed that the stake has been bought by ComSar Invest, owned by Russian oil and gas magnate Timu Sardarov.


ComSar Invest has promised to continue investing in MV Agusta’s sales and service network, technology fields and marketing.

 

Photo credits: MV Agusta

 

According to Giovanni Castiglioni, the current owner of MV Agusta, the cash flow from the Russian firm is “another important element to the company’s deep turnaround plan started in 2016, based on the repositioning of the MV Agusta as a prime producer of super premium motorcycles”.

 

“Our main objective is the reinforcement of MV Agusta core business: the production of high-performance, high-end motorcycles,” said Castiglioni.

Photo credits: Cycle News

Photo credits: MV Agusta

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Lifestyle
July 27, 2017
Michelle Liew

An avid fan of motorsports bringing you top-notch content from the two-wheeler world! Gear up for the latest updates and news with top speed delivery

Related Itemsamgcomsar investfeaturedmercedes benzmv agusta

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