SUBSCRIBERS
Daimler to buy 25% stake in Italy's MV Agusta
Published Fri, Oct 31, 2014 · 11:28 AM
[FRANKFURT] German cars and trucks maker Daimler on Friday said it will buy a 25 per cent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation deal.
Daimler said it will buy the stake via its AMG performance cars unit and take a seat on the board of directors at MV Agusta.
Daimler did not disclose the financial terms of the deal.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Uber shares tumble on surprise net loss, weak second-quarter forecast
New law increases control of ownership, management of critical transport firms in Singapore
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4