Daimler to Buy Stake in MV Agusta?

Months have passed and the rumours followed by denial have now culminated to some form of result. German automotive giant Daimler is likely to buy a minority stake in MV Agusta and it looks like the announcement will be made on November 3 at the Milan Motorcycle Show.

As we all already know, Daimler has a variety of brands under its banner which includes the likes of Mercedes-Benz, Smart cars, Setra coaches and other commercial vehicle brands such as American truck company Freightliner.

It's expected that Daimler will officially announce the purchase of a stake, believed to be around 25-30% in MV Agusta. However, there has been no official word or statement issued by the people at Daimler.

It is a known fact that Daimler, under the guise of Mercedes Benz and performance brand AMG, had a brief flirtation with Ducati which started in 2011, gave rise to a couple of special editions before Ducati was bought over by the company rivals VW Group using the Audi brand.

The tie-up between the Italian brand MV Agusta Daimler will bring in a wave of change for the Italian bike manufacturer and the cash injection will see them realize their expansion plans not to forget, expand Daimler's portfolio.