Home Motorcycle MV Agusta CEO: KTM’s Not Taking Over

MV Agusta CEO: KTM’s Not Taking Over

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MV Agusta CEO: KTM’s Not Taking Over

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Fairly a little bit of controversy has been stirred since November 2022 when MV Agusta and KTM went right into a partnership collectively. A North American distribution deal was inked again then which additionally concluded with a 25.1-percent stake within the Italian model. Following that, the rumor mill began to churn a few KTM takeover. 

On the KTM aspect of issues, executives from Pierer Mobility chimed in left and proper about MV Agusta. Stefan Pierer was fairly vocal, stating that “no one needs a Lucky Explorer from MV.” Following that remark, Hubert Trunken Polz, one in all KTM’s govt board members, confirmed to Motorrad magazine that the firm intends to obtain a majority stake in MV with an undisclosed timetable having already been set behind assembly room doorways. 

KTM appears to be piling on, even stating that the MV Agusta model will nonetheless be primarily based in Italy and never relocated to Mattighofen however MV’s boss, Timur Saradarov, mentioned in any other case in an unique interview with Motorrad. At present, the person owns 74.9 % of MV Agusta, and he doesn’t appear phased by KTM’s need to take over in truth he mentioned that “it’s good that there’s such a terrific curiosity” in MV Agusta from KTM, as translated from Motorrad’s article. 

Motorrad requested whether or not KTM is definitely about to take over a majority stake in MV Agusta, and the five-year contract continues to be in play right here so maybe not anytime quickly. KTM has a proper of first refusal, however Saradarov states that nothing will change within the subsequent three to 4 years. Saradarov additionally said that he would need to not promote in any respect. 

Saradarov additionally addressed the difficulty of KTM’s feedback concerning the Lucky Explorer. Neither confirming nor denying the 550 to be part of the lineup, Saradarov did verify that the 950 is coming. Saradarov said that the KTM portfolio is up for consideration now that the 2 firms are in enterprise collectively. With this, the brand new mannequin collection will probably be referred to as the MV Agusta LXP with a number of variants deliberate together with the Fortunate Explorer. 

As for the engine, Saradarov confirms that the LXP will probably be completely completely different and include a three-cylinder engine. The mannequin will get a worldwide reveal someday in late summer time of 2023 and MV hopes to construct 2,500 to three,000 items this 12 months.

It additionally seems that Saradarov was already well-aware of KTM’s aggressive enterprise practices. He acknowledged that KTM’s aggression is simply what MV Agusta wants. He additionally solutions in one other interview query that the partnership goes effectively and that there are challenges, however the two firms are making nice progress. 

There’s nonetheless extra to unpack, so I like to recommend that you simply head on over to the supply, Motorrad, for the complete interview. The hyperlink is within the supply checklist. 

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