Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

We won't support this browser soon. For a better experience, we recommend using another browser. Learn More

Ad

Daimler to buy stake in MV Agusta

October 27, 2014, 02:10 PM IST by Pratheek Kunder
Daimler to buy stake in MV Agusta

It is happening! After months of rumours and speculations, the German automotive giant Daimler is buying a minority stake in MV Agusta. The official announcement is expected to take place on November 3. 

A German daily has said that the company is looking to acquire a 25 per cent stake in the Italian motorcycle maker for around €30 million via its Mercedes-AMG performance division, with an option to raise its holding through further investments.

Just like Audi, which bought Ducati two years ago, Daimler also wants to have a bigger piece of the pie from the motorcycle market which has been growing rapidly. Also, this is not the first time the Mercedes-AMG division is being doing business in the world of motorcycles. In 2010, it entered into a joint venture with Ducati to create the Diavel AMG edition motorcycle. 

MV Agusta needs lot of cash to do more business and expand its capacity and a giant like Daimler investing in them makes complete sense. It’s a win-win situation for both – MV Agusta gets money and Daimler extends its portfolio with the Italian manufacturer. 

 

  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
bell icon
Never miss an update
Receive latest updates from CarWale
Ad
  • Upcoming Cars

Tata Nexon EVTata Nexon EV

28th Jan 2020

15L - ₹ 17L
Mercedes-Benz GLE NewMercedes-Benz GLE New

29th Jan 2020

65L - ₹ 80L
Land Rover New Range Rover EvoqueLand Rover New Range Rover Evoque

30th Jan 2020

53L - ₹ 70L
Lexus LC 500hLexus LC 500h

31st Jan 2020

1.60Cr - ₹ 2Cr
Kia CarnivalKia Carnival

5th Feb 2020

25L - ₹ 27L
All Upcoming Cars
Buying a new Car?Ask the experts1800 2090 230(Toll free)
Ad*T&C Apply
Presenting

TATA ALTROZ

Starts at ₹5.29 Lakh*

Explore More

Select your city to avail offers

Currently available only in