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View Full Version : Proton rescues MV Agusta



Bob
3rd December 2004, 01:51
Proton has pumped 70 million Euro * into the MV Agusta. The deal allows the Italian manufacturer to pay off its debts and gives Proton a foothold in the European bike market.

In a statement, Agusta said Proton would nominate a new chief executive for the motorcycle maker.
Claudio Castiglioni, who orchestrated Agusta's last revival in 1992, will stay on as chairman of the group and oversee marketing and development.





* A small aside - the plural of Euro is... Euro. This is because "Euros" is Greek slang for urine. No-one thought about this when they named the currency.

カワサキキド
3rd December 2004, 02:08
* A small aside - the plural of Euro is... Euro. This is because "Euros" is Greek slang for urine. No-one thought about this when they named the currency.
I will remember that for the next time I hear someone say "Euros' :lol:

Bob
29th December 2005, 02:23
Malaysian carmaker Proton has abandoned an ambitious but short-lived plan to expand into the motorcycle business with the sale of MV Agusta

The company said that it had sold its stake for a symbolic 1 Euro and that the buyer (GEVI) would assume MV’s 107 million Euro debt. The sale comes as state-linked Proton struggles to cope with rising competition and a falling market share at home.

MV Agusta, which is under bankruptcy protection, makes bikes under the Agusta, Cagiva and Husqvarna brands.

wari
29th December 2005, 07:54
HOpe MV sir-vives .. they'rre top qual-litty .. :drinkup: