Harley Davidson after facing third quarter profit drops, announced back in October, that they were killing off the production of Buell motorcycles and were going divest itself of the MV Agusta Group that they bought in 2008 for $109 million and many wondered what would happen to one of Italy’s most historic marques, especially in a down trodden economic market.
According to the well informed motociclismo.
it HD may have found someone to buy out their stake in the MV Agusta and one of the companies could be BMW, who so far has neither confirmed or denied their interest and the second could be a consortium of Italian entrepreneurs led by Mario Moretti Polegato, founder and president of the Geox Group, who is best know in the footwear and apparel market.
The announcement of the sale of MV Agusta could come as early as the end of March.
Leave a Reply