Oh, how we love MV Agusta's motorcycles. Gorgeous, gorgeous, gorgeous, and they sound wonderful. Friends who've ridden them sing their praises. But the company's bleeding red ink like a stuck pig in a tub of leaches and Malaysian automaker Proton's decided to divest itself of its 57.57% share of the company, which also holds the Husqvarna and Cagiva brands. Proton bought the chunk of Agusta just a year ago, under the enthusiastic watch of Proton CEO Mahaleel Ariff. But Ariff's contract wasn't renewed this year, and neither, apparently, is Agusta's.
Proton Sells MV Agusta [Rubber Magazine]
Related:
Lotus Won't Build Europa in Malaysia [Internal]
