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Daimler takes 25 pct stake in Italy’s MV Agusta

By WTOP Staff

BERLIN (AP) — Daimler says it is taking a 25-percent stake in Italian motorcycle maker MV Agusta for an undisclosed amount.

Daimler AG said Friday that its Mercedes-AMG subsidiary will acquire the stake as part of a long-term cooperation agreement that also will see the companies work together on marketing and sales.

Mercedes-AMG will appoint one member of MV Agusta’s board of directors under the deal and Daimler says it expects to have authorities’ approval for the transaction in late November.

Mercedes-AMG chief executive Tobias Moers says the deal will give the company “an entry into a world of additional high-performance enthusiasts.”

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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