MV Agusta denies sale rumours

MV Agusta denies sale rumours, first quarter up 22 percent

AFTER seeing a 2013 full-year increase in sales of 20 percent, Varese, Italy based MV Agusta has followed that up with 22 percent growth for the first three months of 2014.

Giovanni Castiglioni categorically denies that any negotiations are taking place for a sale of a share of MV Agusta to the Fiat-Chrysler Group

The company says that new motorcycle registrations in Italy “have also taken off, with MV Agusta taking a market share of over 10 percent. Growth is being driven by the new Rivale 800 and Brutale 800 Dragster models, as their sales performance continues to outstrip expectations”.

MV Agusta’s President, Giovanni Castiglioni, said that “I’m extremely satisfied with the results of the first quarter. I’m confident that the second quarter will see a continuation of this trend. 

“I’d like to take this opportunity to deny rumours circulated by the media over the last few days concerning supposed negotiations with regard to the sale of a share of MV Agusta to the Fiat-Chrysler group.

Rivale 800

“No such negotiations are taking place, nor have we ever done so. My goal is to ensure MV Agusta maintains significant levels of growth while remaining a family business that draws on the incredible passion my father passed on to me and my collaborators; it is a passion that still inspires us to design and build genuine two-wheeled gems”.