With its separation from financially troubled KTM, Italian motorcycle maker MV Agusta, no stranger to financial issues itself, says the process is going smoothly. With business continuity and avoiding any disruption for its partners and customers being paramount, the official transfer of full ownership from Pierer Mobility, owners of KTM, to MV Agusta is now in its final stages.
In a press statement, MV Agusta will be expanding its international operations, opening independent regional offices in various continents, including Asia. For Malaysia, MV Agusta is represented by AFY Mobility.
Addressing spare parts issues, MV Agusta is entering an agreement with a leading global logistics partner to manage its spare parts supply chain, guaranteeing spare parts delivery worldwide within seven working days of order. The transition to a fully independent spare parts distribution system is expected to be completed by the end of 2025.
An all-new motorcycle from MV Agusta is expected to be unveiled at the EICMA show in November, with only 1% carry-over parts from the previous generation. Development is also underway on new models, with plans to renew the entire product range and enter new market segments.
There is also work on a new engine platform for the high performance motorcycle class. Expected to debut at EICMA in the form of a first prototype, the new engine will power MV Agusta’s commitment to innovation and excellence.
Maybe some cronies feeling dejavu when Proton bought the company for RM367,600,000.00 in 2004 and then sold it off for RM4. Brilliant marketing strategy we had in place for wasting tax payers money or maybe the dream of selling to Geely for 99% of the share for RM99 instead.
rmb proton once owned this