SlowMo
Well-known member
Yup, they needed the liquid cooling technology and EFI packages to match, to meet California air review board certs CARB std. Its thier biggest market. MV had all that in house and more (they made helicopters i hear ) , buy the company, move all the proprietary information and technology home. Declare 100m loss against future earnings, still get bailout money. Interesting accountants up there in Milwaukee, but not stupid. Winding down the MV business would have cost triple giving back to the Castiglioni Bros.
The whole MV thing was a debacle.
HD already had liquid cooling and good EFI packages from Buell. Those were already approved for use in California.
Many financial analysts think it was a mistake from day 1.
A total write down of about $162 million just for MV Agusta alone. Add in the $125 million to shutter Buell... Ouch.
Here's an article (from a bike website) to peruse:
http://www.moto123.com/motorcycle-n...ival-in-a-disastrous-economy.spy?artid=122031