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Administrator 08-10-2010 11:50 AM

MV Agusta Sold for 1 Euro

Original Article:
<a href="">MV Agusta Sold for 1 Euro</a>

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MOKE1K 08-10-2010 11:58 AM

So the whole thing was just so Harley could write it off?

acecycleins 08-10-2010 12:23 PM

I was right! 1 euro. Classic!! Hell, for 20 mill in operating capital MO could have bought it and employed the Italians.

Voyager 08-10-2010 12:38 PM

Italian corporate law is such a nightmare I'm amazed people still get involved in deals with them. Last time I read up on it a company could not go bankrupt - hence this selling for 1€ business.

But Harley selling a motorcycle business for a song to the Castiglioni brothers is getting to be a habit. They did this when their deal with Aermacchi went sour in the early '70's. They amalgamated that into their Cagiva empire until that was 'restructured' and became...... MV Agusta. :eek:

MTRHEAD75 08-10-2010 12:44 PM

Harley is doomed....Oh they will keep selling bikes but nothing like they are used to....their market is drying up by the numbers that already own one and to the fact that their main customer base will be dying from old age soon.40 and over mostly seem to want harleys and 39 and younger really dont want anything to do with them.They have become what Cadilac used to be, for old farts only..No offense to any old fart that rides.

The_AirHawk 08-10-2010 01:04 PM

Did I not say the whole thing cost Harley no-more than $170 Million?

I didn't mention Tax write-off, as I assumed anyone that's ever dealt with Giant Evil Corporations knows that's a Given. But I suppose I should have.

acecycleins 08-10-2010 05:41 PM

So, the 20 made the difference in the write off, huh? If we just had a national sales tax instead of tax code no one can translate.

anrajala 08-13-2010 04:05 AM

I don’t know what it is with the Italians that with these business deals with the Yanks they seem to end up with shyteloads of cash.

I remember GM bought a slice of Fiat and, unbelievably, agreed to buy the rest of the Fiat later on, no matter what. Fast forward some years and GM had to pay Fiat 2 bn dollars AND their Fiat shares for the right of NOT buying rest of the company.

Money well spent if you’ve ever owned a Fiat car. But still I wonder from which business school the GM negotiators came from.

- cruiz-euro

newbie-b 08-24-2011 07:20 AM

What were the board od directors at HD thinking? They dropped the Buell line, now they dropped the MV Agusta line for a song and now they are left with a cruiser line that only old men want to buy. Unless there is something I am missing at the upper levels of the business world, the HD name is losing it's grip on the cycling world.

Another thing is why do companies purchase anything in Italy if you get screwed whenever you decide to sell...

The Spaceman 08-24-2011 09:06 AM


Originally Posted by newbie-b (Post 265378)
What were the board od directors at HD thinking?

"How can I take more money out of the company and put it in my pocket?"

That's what they're ALWAYS thinking.

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