Daimler-MV Agusta Deal Likely on November 3

Rumours about a possible MV Agusta and Daimler tie up have been rife for quite some time now. The German automotive giant is rumoured to be picking up a minority stake in the two-wheeler manufacturer.

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According to speculations, Daimler may pickĀ a 25-30 per cent stake under its performance division AMG. German newspapers have rumoured to peg the deal at 30 million Euros (Rs 233.75 crores) for a 25 per cent share buyout. This would be further raised if and when Daimler sees it fit. A proper announcement of the deal is expected during the EICMA in Milan, possibly on November 3, 2014 according to Economic Times.

This would be a mutually beneficial move though a bit in favor of MV Agusta. Daimler gets access to the motorcycle industry and access to the three pot mill which the Italian motorcycle manufacturer is known for. MV Agusta will find an end to its financial woes, thanks to the financial backing of the Daimler group. The new cash inflow will keep the company alive and help in development of new products.

For the last few years MV Agusta has seen a lot of owners come and go, including the likes of Harley Davidson and Malaysian car manufacturer Proton. Hopefully the new stake holders will stick and help the company go ahead and expand it to newer and greener pastures. So it is highly likely that the company will keep surprising us with products like the F4 in the future.