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After recently announcing the return of MV Agusta to the Canadian market, MV Agusta’s Canadian distributor Motovan has outed the Italian company’s new Brutale model. While it doe not seem that this model is the 675cc “Brutalina” that Castiglioni hinted at earlier this year, this Brutale instead appears to be an F4 derived street-naked, and is expected to hit the North American markets in mid-summer 2011. With pricing starting at $15,595 CAD, we expect pricing here in the United States to be closer to $14,595.

Likely based off the revised MV Agusta F4, which debuted at EICMA back in 2009, the new Brutale should see a style update to keep the street-naked inline with MV’s current take on the F4. Noticebale from Motovan’s pricing is the new Brutale’s lower price tag amount, which should help move some more units. We expect the new Brutale to have a 920cc displacement, and borrow heavily from the F4’s chassis design and aesthetic.

MV Agusta has entered into an exclusive agreement with the Motovan Corporation to serve as MV Agusta’s exclusive importer to the Canadian market. The agreement will finally bring the Varese company’s motorcycles to our neighbors to the North, but don’t expect it to happen overnight, ehh. According to Motovan and MV Agusta, import levels in 2011 will be extremely limited for Canada, and serious buyers will have to reserve their motorcycle online if they want to receive it. With the MV Agusta F3 being a 2012  model, we imagine that for the bulk of would-be MV Agusta owners, this supply issue will not be a problem.

The new MV Agusta F3 is supposed to be unveiled until tomorrow, but you wouldn’t know it by the rate at which information is leaking from the Varese-based company. With more photos showing off the lines of the F3, will also get details on its design and mechanics. We already know the MV Agusta F3 will use a compact three-cylinder design for its supersport inspired 675cc motor. Helping achieve that compact design though is a counter-rotating crankshaft, which when combined with the elongated swingarm, should help keep the front wheel down when on the gas.

MV Agusta is also including a variety of electronics for the F3, with ride-by-wire, traction control, and multiple rider-selectable engine maps being available. The chassis is comprised of steel tubing mated to aluminum side panels, while suspension comes from Marzocchi Forks and Sachs shocks. Photos after the jump.

UPDATE: Photos of the MV Agusta F3 have been posted to Asphalt & Rubber.

After teasing us relentlessly with spy photos of the MV Agusta F3, the Italian company’s three-cylinder supersport finally bares all in this photo. The recently repurchased MV Agusta is pinning high-hopes on the middleweight machine, hoping to attract wouldbe buyers with a low price-point that Claudio Castiglioni said could start as low as €9,000.

While it remains to be seen if Castiglioni can achieve that goal, a higher-spec F3 is also expected to hit the market in the €10,000-€11,000 range, which should have a direct 1:1 price conversion to US dollars if MV Agusta keeps its pricing scheme in place.

MV Agusta is also expected to come out with a smalled Brutale-esque machine that also uses the F3’s three-cylinder power plant. While The MV Agusta F3 is expected to official debut this Tuesday in Milan during the EICMA show, it’s not clear if the “Brutalina” will also debut at the event, or will make an appearance later next year. Click on the photo above and after the jump for 4,000 pixels of F3 goodness, and check out the gallery after the jump.

UPDATE: Get your first glimpse of the MV Agusta F3 here.

In what can only be described as a terse press release, MV Agusta has released two teaser photos of its upcoming MV Agusta F3, the three-cylinder supersport bike that Claudio Castiglioni hopes will save his company. Known to be using a three-cylinder motor, it has been previously reported that the MV Agusta F3 would be a 675cc machine, just like the Triumph Daytona 675. However the Italian brand has confirmed that it will be using a 600cc displacement for its street machine, while giving us a glimpse of the bike without its F4 camouflage.

We should preface right off the bat that this is a photoshop’d render of the much anticipated MV Agusta F3 (that Castiglioni hopes will save MV Agusta), and not an actual image of what the final product will look like. Odd logos and checkered flags aside though (let’s do the time warp again), this photoshop by Russian website Motogonki.ru is a good start to imagining what the F3 will look like when MV Agusta drops the F4 camouflage later this year at Milan.

UPDATE: The MV Agusta F3 has officially broken cover.

Italian news site Il Sole 24 Ore sat down with the new owner of MV Agutsa, Claudio Castiglioni, and asked the Italian perhaps the most pertinent question about his new company: what’s next? Striking to the point of things, Castiglioni says much of MV Agusta’s future will depend on the company’s new three-cylinder motorcycles, which the company hopes to sell 10,000 of during the next model year.

Officially now called the MV Agusta F3, Castiglioni was also forthright on some of the details. Already rumored to be a 675cc three-cylinder powered motorcycle, Castiglioni has confirmed this setup along with the fact that there will be at least two price points, with a base and sport model being available.

After Asphalt & Rubber broke the news about the MV Agusta purchase last week, many of the details about Harley-Davidson’s sale of MV Agusta to the Castiglioni were known or rumored at the time of the purchase’s announcement later in the day; however the exact figures and terms of the agreement were not officially known. Having filed the appropriate forms with the SEC, Harley-Davidson (a publicly traded company) has had to disclose the terms of MV Agusta’s sale, which don’t paint a favorable picture for the Milwaukee brand, but show how Castiglioni “bought” his company back despite bids coming from other parties.

There has to be a bevy of high-fives going on in Milwaukee right now, as Harley-Davidson has finally unloaded MV Agusta from its holdings (we broke the news on the purchase earlier this morning). Harley-Davidson bought MV Agusta for $109 million back in 2008 (most of which was bad debt), and now just a little over two years later is making a tidy profit of…well, nothing. After wiping the books clean, investing in new infrastructre, and getting MV Agusta back on track with an all new model line-up (with a bike on the way), Harley-Davidson saw a paltry sum of €1 cross its desks. Harley-Davidson shares are down 3.5% as of this writing.

Instead Harley-Davidson is calling things even with the Castiglioni family, who would have seen a stock pay-out had the company exchanged hands with another buyer, like TPG for instance. The Castiglioni’s stock was worth somewhere between €20-€30 million, and now with 100% ownership, the Italians are free to once again run MV Agusta into the ground, just like they did leading up to 2008.

Harley-Davidson & MV Agusta press releases are after the jump. One interesting point of note that taking the helm of MV Agusta is former Ducati General Manager and Chief Engineer Massimo Bordi. Bordi was once offered the job of CEO at Ducati, but turned it down, and the position was filled by Gabriele del Torchio, Ducati’s current CEO. Bordi’s last item of business at Ducati was trying to sell the Italian brand to Harley-Davidson, which makes for some good irony in today’s announcement.

UPDATE: The deal is now done, with Harley-Davidson issuing a press release.

Expected to be closed within hours, Harley-Davidson is on the verge of selling MV Agusta to Claudio Castiglioni. Castiglioni was able to leverage the purchase of MV Agusta by using the funds that would have been generated by his stock buy-out, which is rumored to be between €20 – €30 million. Castiglioni is today’s big winner in the deal, as the Italian is basically buying back the company he sold to Harley-Davidson for pennies on the dollar, while Harley-Davidson is left holding the tab on a hefty purchase price and cash infusion into the Italian company.

Have you ever wanted a 2010 MV Agusta 1099RR, but thought the bike’s 144hp just wasn’t enough umpf for you. Well MV Agusta has you in mind with this “track only” Cannonball Kit that adds 21hp (165hp in total) to the top of the 1099RR’s peak horsepower figure.

Not an actual new bike from MV, the Cannonball Kit features a new ECU, cylinder head, camshafts, valves, and titanium exhaust system, which boosts horsepower on the Brutale 1090RR without sacrificing any of the bike’s down low torque, which remains at 84.81 lbs•ft.

The intention is to make the Brutale 1090RR a track day weapon, however we think most of the kits will find their way onto daily riders…but keep that on the down-low, it’s not exactly street legal.