Proton Dumps Stake in MV Agusta

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]

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