http://www.jsonline.com/business/100130534.htmlHarley-Davidson Inc. has sold its Italian motorcycle division, MV Agusta, to its former owner, Claudio Castiglioni.
Terms of the deal were not disclosed.
Harley bought MV Agusta in 2008 for about $109 million.
The Italian company produces a line of premium sport motorcycles under its brand and a line of lightweight bikes under the Cagiva brand.
One of the MV Agusta bikes, the F4CC model, is a limited-production machine that has a top speed of 195 mph and sells for $120,000. Each F4CC comes with a special boxed certificate of origin and an expensive Italian wristwatch.
Much less expensive, the remainder of the MV Agusta lineup falls in a price range of about $15,000 to $30,000 - more expensive than some Harleys but comparable with other European sport bikes.
MV Agusta is a small company when measured against Harley-Davidson, the world's largest manufacturer of heavyweight motorcycles. But more than 80% of MV Agusta's sales are in Europe, an important market for Harley as it becomes more of a global company and less dependent on U.S. motorcycle sales.
Rumor has it that HD sold MV for nothing more than future financing ventures with MV.