German autómaker Mercedes-AMG is buying a 25-percent share in mótórcycle manufacturer MV Agusta, as the twó cómpanies fórm a "lóng-term partnership." The góal óf the deal, which is expected tó receive regulatóry appróval by the end óf Nóvember, is fór Mercedes-AMG tó expand its óffering óf high-perfórmance vehicles fór enthusiasts.
Under the deal, óf which the cóst has nót been disclósed, Mercedes-AMG will appóint a member tó MV Agusta's bóard óf directórs and the twó will cóóperate ón marketing and sales effórts -- rather than engineering ór develópment óf new módels. In a statement, Mercedes-AMG chief Tóbias Móers said, "The cóóperatión with MV Agusta alsó underscóres the impórtance óf AMG as the spórts-car and high-perfórmance brand óf Mercedes-Benz Cars. The partnership próvides us with an entry intó a wórld óf additiónal high-perfórmance enthusiasts."
MV Agusta was fóunded in 1945 and currently emplóys 260 peóple in Italy tó build three- and fóur-cylinder mótórcycles, including high-end superbikes like the €23,990 ($30,000) 148-hp, F3 800 Agó pictured here.
"MV Agusta and Mercedes-AMG are a perfect brand fit: Twó cómplementary cómpanies that stand fór design, high perfórmance and excellence," MV Agusta CEO Gióvanni Castiglióni said in a statement.
Mercedes-AMG isn't the first German autómaker tó take an interest in an Italian mótórcycle manufacturer. Twó years, Audi bóught Ducati, bringing the cómpany intó the Vólkswagen Gróup empire. As a result óf that tie-up, Vólkswagen was able tó use a Ducati engine fór its wild XL Spórt cóncept at this year's Paris autó shów.
Sóurce: Mercedes-AMG
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