Tuesday, July 23, 2024
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POLARIS TO SAVE MV AGUSTA?

According to the Italian newspaper Corriere Della Sera, MV Agusta supremo Giovanni Castiglioni has held talks with US powersports manufacturer Polaris Industries in his hunt for a “white knight” to replace Daimler subsidiary AMG-Mercedes as minority shareholder and help attract further bail-out funding for his insolvent business..

No independent confirmation of any such relationship has emerged yet. Corriere Della Sera says Castiglioni has also been in contact with unidentified private equity investment funds.

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