MILWAUKEE, Aug. 6, 2010 — Harley-Davidson, Inc. (NYSE: HOG) has concluded the sale of its subsidiary, MV Agusta, to Claudio Castiglioni and his wholly owned holding company, MV Agusta Motor Holding, S.r.l., effective today.
Castiglioni is the former owner of the Italian motorcycle maker and has served as MV Agusta’s chairman since 2008, when Harley-Davidson acquired the company.
In October 2009, Harley-Davidson announced its intention to sell MV Agusta as part of a new corporate strategy to focus resources on the Harley-Davidson brand. Since then, Harley-Davidson has held discussions with various potential MV Agusta buyers.
“MV Agusta is a proud brand and we wish Mr. Castiglioni and the company’s employees well,” said Harley-Davidson President and Chief Executive Officer Keith Wandell. “Our decision to divest MV Agusta reflects our strategy to focus our efforts and our investment on the Harley-Davidson brand, as we believe this provides an optimal path to long-term growth.”
2010 F4 models recalled for air cleaner problem
Mv Agusta is recalling certain model year 2010 F4 motorcycles manufactured from February 10 through April 19, 2010, equipped with an air filter frame, p/n 8000b4061, which may lift out of position, allowing intake air to bypass the filter. if this occurs, debris may enter the throttle body assembly and interfere with proper throttle operation, increasing the risk of a crash. Mv Agusta will notify owners and dealers will repair the motorcycles free of charge. The safety recall is expected to begin on or about June 28, 2010. Owners may contact Mv Agusta at 1-414-342-4680. Owners may also contact the National Highway Traffic Safety Administration’s vehicle safety hotline at 1-888-327-4236 (tty 1-800-424-9153), or go to http://www.Safercar.Gov
WILLOW GROVE, PENNSYLVANIA (April 28, 2010) – Known for bringing the ultimate Italian motorcycle to North America, MV Agusta USA, LLC announces a new arrangement with Chicago-based MB Financial Bank.
MV Agusta USA now offers a competitive retail financing program from MB Financial Bank for MV Agusta dealers, with flexible, cost-effective options that make it easier for customers to own a new or used MV Agusta motorcycle. “As MV Agusta experiences a product renaissance in 2010, we’re pleased to be working with MB Financial Bank,” says MV Agusta USA Brand Manager Matthew Stutzman. “Our arrangement with MB enables our dealers to make MV ownership more attainable for their customers.”
MV Agusta USA dealers can now take advantage of a consumer finance program that provides excellent installment options designed to attract new customers while increasing sales opportunities.
The program features an easy application process, special promotional rates, and access to the bank’s knowledgeable lending specialists. “MB is happy to assist MV Agusta USA in delivering to dealers retail financing solutions that are flexible and cost effective,” says Charles Schaefer, first vice president, indirect lending, MB Financial Bank. “The end result is a program in place that encourages consumers to own a new or used MV Agusta motorcycle.”
For more information on the MB Financial Bank retail finance program for MV Agusta dealers, please visit www.mvagustausa.com or your nearest authorized MV Agusta dealer.
About MV Agusta USA, LLC: Since its inception in Italy in 1945, MV Agusta has created some of the most exquisite, sought-aftermotorcycles in the world. Renowned for attention to detail, superior craftsmanship, cutting edge engineering and provocative design, MV Agusta boasts an unprecedented 75 World Championships, securing its place in motorsports history. For more information, please visit www.mvagustausa.com.
About MB Financial Bank:MB Financial Bank is a locally-operated financial institution that has been delivering competitive personalized service for 100 years to businesses and individuals who live and work in the Chicago metropolitan area. MB has nearly 90 locations throughout the Chicagoland area. MB Financial Bank is the Illinois local operating unit of MB Financial, Inc., a financial services holding company which is traded on the NASDAQ as “MBFI.” MB Financial, based in Chicago, has more than$10 billion in assets. Information about MB Financial can be found at www.mbfinancial.com.