A bit ago, we reported on the blossoming relationship between MV Agusta and Mercedes’ performance division, AMG. At that time, Mercedes dealers across Europe were intending to display MV Agusta motorcycles in their showrooms. Now, it appears that the honeymoon period is over.
A new report indicates that MV Agusta intends to buy back some of the 25% stake Mercedes-AMG acquired in the prestigious Italian motorcycle company. The report originates from an interview with Giovanni Castiglioni, MV Agusta’s President, conducted by Il Giorno. This news comes on the heels of reports that MV Agusta has been struggling to pay its suppliers on time.
Too, Castiglioni discussed the firm’s intention to temporarily reduce production figures, dropping projections from 9,000 units, by roughly a third. Though, it is expected that production will ramp back up to 8,000 units, when this will occur is not yet known.
It seems that the three pointed star’s attempt to get into the premium motorcycle market, like its rivals BMW and Audi, isn’t going quite as planned.
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