Safehaven
Active Member
Someone just made a lot of money, but it wasn't the MoCo..
They bought MVAgusta Some time ago, restructured it and cleared it's dept, totaling somewhere around 109M€ costs in 2008. Now when MV Agusta is starting to sell again, they decide to get rid of this brand and sell it back to the original owner, the Italian Castiglioni group.
Strange decisions they make, I don't understand business sometimes..
Just thought I'd share the news.
Source: Harley-Davidson verkoopt MV Agusta voor 1 euro - AutoKanaal
(Dutch version)
They bought MVAgusta Some time ago, restructured it and cleared it's dept, totaling somewhere around 109M€ costs in 2008. Now when MV Agusta is starting to sell again, they decide to get rid of this brand and sell it back to the original owner, the Italian Castiglioni group.
Strange decisions they make, I don't understand business sometimes..
Just thought I'd share the news.
Source: Harley-Davidson verkoopt MV Agusta voor 1 euro - AutoKanaal
(Dutch version)