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Mercedes-AMG buys 25% of MV Agusta

Automotive expert , Updated:

Mercedes-AMG has just purchased a 25% stake in MV Agusta, validating rumours that had been floating around since August. The German automaker and the Italian bike manufacturer have also announced a long-term partnership without getting into specifics.

“Mercedes-AMG will help MV Agusta further expand globally and accelerate our growth,” said MV Agusta president and CEO Giovanni Castiglioni in a Daimler press release. “The uniqueness of MV Agusta will further enhance Mercedes-AMG's leadership in the high-performance segment.”

It's not the first time that an automaker teams up with a motorcycle company. In 2012, Audi became the new owner of Ducati.