KTM Dumps MV Agusta?
In another saga about KTM’s financial struggles, there have been reports to suggest that KTM dumps MV Agusta just after 9 months of ‘marriage.’
Neither KTM’s owner, Pierer Mobility Group (PMG) nor MV Agusta has confirmed the move at the moment but there multiple sources have reported that MV Agusta had been effectively cut loose by KTM. KTM has acquired a 50.1% stake in the Italian luxury motorcycle brand.
The sources including Motorrad and GP-One, said that KTM officials had met with the Italian trade union CISL. KTM officials were reported to have said that MV Agusta is no longer a “strategically important asset.” On the other hand, it was also reported that an Agostino Casati from CISL had said that “KTM is completely withdrawing from MV Agusta,” and that “MV Agusta must stand on its own two feet again in the future.”
If it becomes true, KTM’s decision is somewhat expected, given that they had made the acquisition just prior of their current state of affairs. The Austrian firm would need to invest heavy sums of funds to invigorate and produce more MV Agustas in the future.
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