Keep It For You

keepitforujpg1jpgIndustrial Espionage At MV Agusta? After Harley-Davidson bought MV Agusta in August 2008, Enrico D’Onofrio, ex CFO of Ducati was named Corporate General Director of the new MV Agusta. Now he is accused of industrial spying by his former employer. Enrico is under investigation for not less than violation of industrial secrets, illicit competition and aggravated theft. Italian Police searched his home and office looking for computer records. – Harley-Davidson was able to sell $500 million in loans and sell them to investors who got their capital to invest by borrowing  Uncle Sam (TALF program). Practically, it means that your tax dollars are being used by Harley to finance purchases of its bikes! – Darwin Motorcycles, manufacturer of Brass Balls Bobbers & Choppers, has named Spectro Oils Of America their brand of choice for all of their motorcycle lubricant needs – West Virginia Department of Tourism officials is launching their State into the forefront of motorcycle friendly destinations with the addition of a new tourism website dedicated to travelers on two wheels. The Division formed the Motorcycle Advisory Committee to present the riding public with information about all that West Virginia has to offer riders. Excellent!

11 Responses to “Keep It For You”

  1. 1 Brandon May 23rd, 2009 at 12:49 pm

    Ducati, MV Agusta, Harley at war? Can be interesting to watch…

  2. 2 Jim Akzar May 23rd, 2009 at 12:55 pm

    With our tax dollars we are financing the Harley Financing Arm to finance bikes that are sold to us! Seems to me that Harley should loan money for its bikes at 0% APR. No?

  3. 3 Conrad May 23rd, 2009 at 1:13 pm

    Maybe instead of buying MV Augusta, spending MILLIONS on sponsoring UFC fights and TV commercials Harley should worry about what is important.

  4. 4 J May 23rd, 2009 at 1:50 pm

    Yep- the creative financing that puffed up HDI this past decade or so continues to unwind… Gross negligence of corporate fiscal responsibility, curious investment into peripheral assets….. Classic misdirection…… But hey, Jimmy Z’s golden parachute is still intact, so all is well…..

  5. 5 Grayhawk May 23rd, 2009 at 2:15 pm

    All major cooporations become concerned when a major player in their organization departs to another company especially a competitor, it would surprise me if D’Onofrio was that naive that he would directly incorporate anything of design and/or specifics of Ducati into his new role at MV. Least be had anything on a hard drive.

    He knows full well as any would in his position at Ducati or another company the ramifications of such an act. It would also surprise me if he wasn’t under a nondisclosure agreement that any of us from such a position in the past would have signed prohibiting same.

    The real surprise to me is that Ducati, ” which I can only assume due to the noted circumstances posted above”, did not include statements in same agreement if such an agreement exists stating that he could not work or contribute knowledge to a competitor of like in same industry for “x” years following departure from Ducati?

    One can only surmise their legal department was short sighted or did not cover the bases as that in my mind is the real issue of vulnerability here as those industrial sabotage cases are not easy to prove unless your dealing with an idiot.

    I do not know as I am add-libbing based on this postings info only.

    Do not believe TALF is a bailout like TARP and as such is lending source that has defined legally binding borrower/lender rules, percentaged interest against value, etc.

    Further noting I believe the government has also made available through the SBA, “Small Business Association”, funds/available loans to qualified motorcycle dealers whose dealership/shop falls under a certain defined monetary value with a strong business plan and viability of payback, usually SBA has far better terms than most other sources of lending.

    Assured most have curtailed their advertising budget but still good for business in hard times to keep your name out there in lights if you will, just look at this blog some utilizing sponsored ad spots on this site which is good for us as a lot to see and key in on in one easy to access living billboard so to speak. Some just drop their name sake in the blog comments themselfs. Both have merit.

    Everyone enjoy memorial weekend, be safe and don’t forget what the weekend is about.


  6. 6 Nicker May 23rd, 2009 at 2:36 pm


    “… ex CFO of Ducati was named Corporate General Director of the new MV Agusta…”

    Am looking forward to a Desmo-MV.
    Red-lies at 30k RPM…… 🙂


  7. 7 Kevin Warren May 23rd, 2009 at 6:36 pm

    In my discussions with a representative of Harley Davidson during
    this years Daytona Bike Week it was disclosed that in addition to
    their capital funding arrangement with Warren Buffet they where
    looking for TARP money as well as a part of their restructuring.
    That is public information, now.

    I agree with GrayHawk that their should have been corporate nondisclosure
    arrangements in place at all parties mentioned and would assume prior to
    making such invest HD attorneys insured that was the case. However,
    such matters of corportate espionage in Italy aren’t uncommon to those who
    have reviewed the history of corporate activity in the region.

    Kevin Warren

  8. 8 fuji May 23rd, 2009 at 9:51 pm

    Take Harley out of the picture and follow MV Agustas past history ” Cagiva Group” this should not surprise anyone.

  9. 9 Rodent May 24th, 2009 at 5:45 pm

    UFC fights are more important than motorcycles otherwise why would harley sponsor them

  10. 10 Nicker May 24th, 2009 at 8:16 pm


    “… otherwise why would harley sponsor them…”

    Could be cause they’re “Stuck On Stupid”…..???


  11. 11 Bigwoody May 25th, 2009 at 8:26 am

    If West Virginia wants to promote motorcycling then lose the helmet law.

    Live in Ohio,stop at bridge, put helmet on. the repeat process when I come home.

    Pennslyvani repealed their laws regarding helmets. Its so easy to avoid West Virginia.

    Too bad their is much to see and some beautiful scenery there.

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Cyril Huze