Mercedes-AMG Buys 25 % Share in MV Agusta - German auto manufacturer Mercedes-AMG is shopping for a 25 % share in bike manufacturer MV Agusta, because the 2 firms type a "long-term partnership." The goal of the deal, that is anticipated to receive regulative approval by the tip of Gregorian calendar month, is for Mercedes-AMG to expand its giving of superior vehicles for enthusiasts.
Under the deal, of that the price has not been disclosed, Mercedes-AMG can appoint a member to MV Agusta's board of administrators and therefore the 2 can join forces on promoting and sales efforts -- instead of engineering or development of latest models. in an exceedingly statement, Mercedes-AMG chief Tobias Moers aforementioned, "The cooperation with MV Agusta additionally underscores the importance of AMG because the sports-car and superior complete of Mercedes-Benz Cars. The partnership provides US with AN entry into a world of extra superior enthusiasts."
MV Agusta was based in 1945 and presently employs 260 individuals in Italian Republic to make 3 and 4 cylinder motorcycles, as well as high-end superbikes just like the €23,990 ($30,000) 148-hp, F3 800 agone pictured here.
"MV Agusta and Mercedes-AMG square measure an ideal complete fit: 2 complementary firms that indicate style, high performance and excellence," MV Agusta chief executive officer Giovanni Castiglioni aforementioned in an exceedingly statement.
Mercedes-AMG is not the 1st German auto manufacturer to require AN interest in AN Italian bike manufacturer. Two years, Audi bought Ducati, transfer the corporate into the Volkswagen cluster empire. As a results of that tie-up, Volkswagen was able to use a Ducati engine for its wild XL Sport construct at this year's Paris Motor show.