Mercedes-AMG has sold its 25 per cent stake in Italian motorcycle manufacturer MV Agusta. The stake has been sold to ComSar Invest, a part of the Black Ocean group from Russia that has invested in MV. With this, the German car brand has ended its foray of ownership in the two-wheeler space.
MV Agusta has been going through financial trouble of late, and efforts to get further investment were hampered by a clause in the Mercedes-AMG contract: for the latter to let go of its stake, it needed MV to be free of debt. Now, however, the stake has been sold for an undisclosed sum, and MV's future seems a lot brighter. It has narrowed its focus in recent times, offering only premium products and starting up the special vehicles operations in the form of the RVS division. In India, it most recently launched the Brutale 800, which should become its most popular model in the market.
