Mercedes-AMG Sells Its Stake In MV Augusta - The collaboration in between Mercedes-AMG as well as MV Augusta is over as the automaker has offered its 25% risk in the motorbike supplier. Both companies joined forces back in 2014 when they authorized a contract which required a "lasting collaboration" that generally concentrated on sales and also advertising and marketing efforts.
Mercedes-AMG Sells Its Stake In MV Augusta
At the time, Mercedes-AMG President Tobias Moers said "In MV Agusta, we have discovered the excellent two-wheel companion for Mercedes-AMG. This producer with a lengthy custom and Mercedes-AMG are linked not just by a long and successful auto racing history, however also by shared worths and objectives for the future-- enabling the experience of utmost excellence, ideal efficiency as well as motorsport technology for the roadway."
The partnership generated the F3 800 show bike as well as put bikes in AMG dealerships yet that obviously had not been sufficient to justify the continued existence of the partnership. Rather, Mercedes-AMG has offered its stake to ComSar Invest which is part of the Black Sea Team owned by Russain oil as well as gas tycoon Timur Sardarov.
The terms of the deal were not released however MV Agusta President Giovanni Castiglioni claimed "The transaction with ComSar Invest in our holding firm with a funding rise and also the acquisition of the shares previously held by Mercedes AMG in MV Agusta Electric motor S.p.A., represents an important landmark for our plan which has as a primary goal the support of MV Agusta core organisation: the manufacturing of high-performance, high-end bikes."
Obviously, Mercedes-AMG isn't the only German automaker that is anticipated to drop its motorcycle partnership as Audi is supposedly when approving quotes for Ducati.