After its acquisition of a stake in Italian motorcycle maker MV Agusta Motor, Austrian firm KTM has announced a capital increase of 30 million euro (RM141.7 million). KTM, a division of Pierer Mobility and famed for its off-road and edgy performance road bikes, currently has a shareholding of 25.1% in MV Agusta.
The capital injection also includes seats on MV Agusta’s board of directors for two members of KTM’s senior management team. “The principal goals of our alliance will be the consolidation of our core business and the production of high-performance motorcycles in the premium segment,” said Timur Sardarov, CEO of MV Agusta, in a press statement.
The Varese, Italy, motorcycle maker has had a troubled financial history, including involvement with Mercedes-AMG, Harley-Davidson and Russian investment group Black Ocean as well as being previously owned by Malaysian car maker Proton. For MV Agusta in Malaysia, the latest news is the brand is set to return under the aegis of AFY Mobility with motorcycles to be assembled locally in Shah Alam, Selangor.
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So b4 anyone dissed Proton it is not just P1 that has problems owning MV ya.
People are pissed because Proton wasted Rakyat’s money, if it’s private money no one care how many millions you wanna dump into that hole.
If people are pissed about that, they should have been pissed from bring Madey back as PM lahhh… cuz he was the reason for the whole thing. If people aren’t pissed enough that meant they aren’t pissed at all.
Find out who actually initiated the purchase of MV Agusta (during proton times). And who get angry when it was sold for RM1.
See above
New F4 1000 superbike is what people waiting for.
No resale value this bike name also tak laku one.
Take KTM train better and cheaper