MV Agusta and Forward Racing part ways with Romano Fenati because of his on-track behavior at the San Marino GP.
MV Agusta will make a historic return to grand prix racing, announcing its plans today to race in the Moto2 Championship with Forward Racing. The news has been rumored and talked about for quite some time, in some form or another, but now the ink has dried on the deal, and it is officially official. As such, MV Agusta will build a custom chassis around the Triumph 765 three-cylinder engine and provide factory technical assistance to the team, while Forward Racing handles the day-to-day items running the Moto2 squad. The new race bike is expected to make its debut in July of this year, and be on the grid for the 2019 season – when Moto2 switches from Honda to Triumph spec-engines.
In Episode 3 of the MOTR Podcast, I sit down with MV Agusta CEO Giovanni Castiglioni, for a one-on-one talk about his iconic motorcycle company.
As you can imagine from the events over the past few years, our conversation focused on where MV Agusta has been, where it sits now, and where it is heading for the future.
During the interview, Castiglioni explains the issues MV Agusta has faced, and outlines the firms new, new business plan going forward. The conversation is an interesting insight into MV Agusta’s business workings, and the young CEO is more than candid.
You may have already seen the news regarding MV Agusta’s superbike future, the firm’s plans for Cagiva and electric motorcycles, and that we will see that start of the new four-cylinder lineup late this year.
We broke the news on those stories, and now you can hear in full detail the audio behind those headlines. We think you will find it a very interesting conversation.
While we are happy to report the rebirth of the Cagiva brand, and the pending launch of MV Agusta’s new Brutale 1000, we do have some bad news to report from Italy, as this will be the last year of the MV Agusta F4 superbike, for quite some time. While the Italian brand plans to debut three new models from its four-cylinder platform over the next three years, the company’s superbike offering will be the last to be revitalized. As such, the Brutale 1000 will debut this year as a 2019 machine, a “neo-classical” bike will debut next year as a 2020 machine, and a new “F4” will debut a year after that, as a 2021 model year bike. This news is about to get worse, before it gets better, so let me explain further.
Those who look back fondly on the Cagiva brand will be happy to hear that it will be officially revived as a motorcycle brand, with models set to debut later this year, for the 2019 model year. Before you envision a modern take on the Cagiva Elefant however, this news comes with the caveat that Cagiva will serve as MV Agusta Motor’s foray into the electric two-wheeled space. We are cautious to label this endeavor however, as the new Cagiva will operate in a segment of vehicle that hasn’t really been created yet – a type of electric two-wheeler that is somewhere between an e-bike and a full-blown electric motorcycle, like what Alta and Zero are producing. The move was told to us by MV Agusta CEO Giovanni Castiglioni, and is similar to one that was announced by KTM CEO Stefan Pierer late last year.
Asphalt & Rubber is coming to you from Varese, Italy this week, as we get ready to ride the Euro4-spec Brutale 800 RR. Before we ride tomorrow though, we had a chance to sit down with MV Agusta boss, Giovanni Castiglioni, and pick his brain on a variety of subjects (keep an eye on the MOTR podcast for the full interview). Revealing a few company secrets to us, as all good Italian CEOs do, Castiglioni has provided more insight on the company’s new four-cylinder platform, which will begin to debut this year, likely at November’s EICMA show, but possibly before then. Described to us as “like Leon Camier’s bike, but without fairings”, the new Brutale 1000 will be the first of three models using the Italian company’s four-cylinder platform.
A bit of a housekeeping item, but today it was announced that MV Holding has completed the acquisition of the shares that were previously held by Mercedes AMG, thus effectively removing the German brand from the Italian motorcycle company’s business operations. This means that MV Agusta is now solely controlled by Giovanni Castiglioni and the Sardarov family, though today’s news is likely due to investments by the latter, into the struggling motorcycle brand. For fans of the MV Agusta brand, this surely is the start of a new chapter for this mercurial motorcycle marque. In case you haven’t been keeping track, the ownership structure for MV Agusta is very complex, and it involves several layers of ownership.
MV Agusta has finally closed a very important funding round, getting equity investment from ComSar Invest, which is backed by the Black Ocean Group, which in turn is owned by Russian billionaire Timur Sardarov. The move sees MV Agusta able also to repurchase its stock from Mercedes AMG, which previously owned a 25% stake in the Italian motorcycle manufacturer. The details of the ComSar deal however have not been disclosed, though we do know that the deal includes enough cash to finish MV Agusta’s recapitalization plan with its creditors and to begin its new, more focused, business plan for new models and motorcycle production. According to MV Agusta’s press release, the newly financed recapitalization plan has already been approved by a quorum of the creditors.
The intrigue is finally over in regards to MV Agusta’s new “Reparto Veicoli Speciali” or “RVS” program, with the Italian marque debuting its first creation from this special vehicle development unit. An intersection between the designers and engineers at MV Agusta’s Castiglioni Research Centre, RVS is what happens when you let designers be free with their imaginations, and you let engineers create those ideas unfettered – at least, so says MV Agusta. The result for this fist iteration is a very unique looking MV Agusta Brutale 800, which has a bevy of custom pieces on it that make it look like a café racer / scrambler type of machine.
I don’t know why I have to write this story, it seems so obvious to me, yet I have read about half a dozen publications this week spewing fake news about how MV Agusta is about to release a new scrambler model, based either off the Brutale or Dragster street bike. In case you missed it, MV Agusta released a terse video trailer the other day, touting something called “RVS” which stands for “Reparto Veicoli Speciali” in Italian. In English of course, this means “Special Vehicles Department”…and thus to us it seems fairly obvious what the Italian brand is up to. Well, apparently we are somewhat alone in that regard. Le sigh.
It has been a long road for MV Agusta, over the past few years. However, the Italian brand seems ready to finally move on from its financial troubles, once we see its debt restructured in the Italian courts, and the investment secured from Black Ocean. MV Agusta latest issues, which concern cash flow difficulties, seem to be balancing out as well, though the effect on the company’s new model lineup has been noticeable, with a disappointing lack of new machines to show at the 2016 EICMA show. As such for the 2017 edition of the trade show, we should have measured expectations, with Giovanni Castiglioni saying in an interview with MCN that only one new model will debut later this year, and only two new bikes will be shown in 2018.