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Thread: Proton rescues MV Agusta

  1. #1
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    Proton rescues MV Agusta

    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.
    http://www.motobke.co.uk

  2. #2
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    Quote Originally Posted by Bob
    * 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'

  3. #3
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    Proton sells MV Agusta

    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.
    http://www.motobke.co.uk

  4. #4
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    HOpe MV sir-vives .. they'rre top qual-litty ..
    THe hand's farster than the eye ... keepan eye onda feet .. .

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