Reports from multiple media sources suggest that KTM could be preparing to✨ sell MV Agusta.

The Pierer Mobility Group (PMG), which owns KTM as well as the Husqvarna and GasGas motorcycle brands, completed the acquisition of a controlling 50.1 per cent stake in MV Agusta ea🌌rlier this year, after acquiring 25.1% in November 2022.

However, as the Austrian company’s financial situation has deteriorated — to the point where it is now undergoing insoܫlvency proceedings in the hope of avoiding bankruptcy — it has reportedly decided that the MꦚV Agusta brand is not one it wants to retain.

According to the Indian publication Hindustan Times, PMG recently met with union representatives at the Co🥂nfidustria Varese where it said that 🍸MV Agusta “is no longer considered a strategic asset”.

According to the Hindustan Times, production operations for MV Agusta 🌌will be returne𝔍d to the Italian company’s Varese plant by March 2025.

Italian outlet GPOne.com reports that the reason for the reported selling of the MV Agusta brand is not only to reduce PMG’𒆙s operating costs but also to bring more equity into the company’s accounts.

The reports of PMG letting go of MV Agusta comes only nine months after the Austrian brand acquired its controlling share. Althou🦂gh it is yet to be confirmed by the Pierer Mobility Group itself, relinquishing the brand would of course end speculation that MV A𝔉gusta could be brought back into Grand Prix racing’s top class by the Austrians; a possibility that had been floated since 2023.