Sunday, July 13, 2008

Harley Davidson buys MV Agusta & Cagiva!

American cruiser king Harley Davidson is set to buying the sexy Italian Superbike maker MV Agusta along with it's light bike manufacturing firm - Cagiva in an eye-popping $111 million (roughly Rs 476 crores) deal.

Earlier their were rumours were making the rounds about TATA Motors aiming to pick up stakes in MV Agusta, but probably Harley had a lot more to offer the Italian Super bike firm.
The MV Group is currently owned almost entirely by the Castiglioni family lead by Claudio Castiglioni. This multi-million dollar deal will transfer the ownership to Harley Davidson while Claudio Castiglioni will remain as chairman of the firm.

As long as there are no regulatory problems, the deal should be closed in a few weeks time and the priority for Harley Davidson is to speed up production after the recent months slowdown due to MV Agusta's financial problems.

MV fans should not despair as Design Chief Massimo Tamburini - the man responsible for the styling of many of the iconic Superbikes in recent years, will continue his current role so expect plenty more drool-worthy bikes from the Italian firm.

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