Bob
3rd December 2004, 00:51
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.
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.