RPT-Malaysian Proton rescues Italian bike maker Agusta

Newswire

(Adds dropped word "increase" in third paragraph) By Jane Barrett MILAN, Nov 30 (Reuters) - Malaysian carmaker Proton Holdings Bhd has rescued MV Agusta by pumping 70 million euros into the Italian motorcycle maker, allowing it to pay off its debts and giving Proton a foothold in the European bike market. In a statement, Agusta said Proton would nominate a new chief executive for the motorcycle maker. Claudio Castiglioni, who orchestrated Agusta's last revival in 1992, will stay on as ...

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