Once the controversy surrounding the Iannucci affair had cleared, MV Agusta was back in the news in the spring of 1992 thanks to an unexpected announcement from Cagiva Motor's press office. It was officially announced that ownership of the Cascina Costa trademark was to go to Castiglioni's group, after lengthy negotiations with a number of interested parties in the worlds of finance and industry. It was exclusively ownership of the trademark that was under negotiation, as the machinery and motorcycles had mostly been sold, with the exception of several road and racing vehicles lovingly preserved by the Agusta Retired Workers' Association, now on display in the museum in Cascina Costa.
 
The reaction to the news was lively among all motorcycle fans. The purchase of the legendary trademark by the most dynamic and determined entrepreneur in the motorcycle industry was sure to guarantee the rebirth of MV Agusta. After all, the Castiglioni family were the only entrepreneurs on the scene capable of reviving companies in difficulty and transforming them into successful enterprises. The Castiglioni family had demonstrated their managerial skill by creating Cagiva out of the ashes of the glorious Aermacchi AMF; only a few years later Cagiva saved Ducati, in dire straits, a victim of public financing strategies. And finally, they moved the production of Husqvarna from Sweden to Schiranna, so that the group offered the widest range of motorcycles in Europe. But while the other trademarks involved a technical or industrial inheritance, when it came to MV Agusta the only certainty was the fame and expressive force of a glorious trademark.

Cagiva Motor engineers faced with a blank sheet of paper strove to do their best, starting out on the basis of the technical assumption that an MV Agusta bike, to be true to its heritage, had to have a 3 or 4 cylinder in-line engine. This configuration was totally absent in European motorcycles, so Claudio Castiglioni found himself faced with the choice of either buying a Japanese engine or creating a totally new one. He chose the second option, and started out with a project developed by Ferrari, referred to as F4,  and then developed up until present day by MV Agusta technicians and engineers.
The engine was created using exclusive solutions such as the radial valve arrangement and removable transmission, the first solution inherited from multi-cylinder Ferrari engines and the second from Cagiva GP bikes. Industrial production of the new engine began at the same time as the design of the riding and aesthetic aspects, entrusted to the great master Massimo Tamburini, at the time director of CRC (Cagiva Research Centre). Tamburini already had many years' experience "dressing" this type of engine, experience gained during his years with Bimota (which stands for Bianchi, Morri and Tamburini).

The first prototype was completed on the eve of the 1997 Trade Fair n Milan and exhibited to the press for the first time on September 16 of that year. The reporters were amazed by the marvel before their eyes, the MV Agusta F4. Red and silver just like its ancestors, with that organ pipe exhaust system that brings to mind lost symphonies, the MV Agusta F4 was an immediate success, the ideal object of a motorcycle lover's desire. The subsequent process of industrialisation was divided into two distinct stages: the first with production of a limited run of 300 F4 Gold Series bikes, with carbon fibre bodywork, magnesium parts and an engine with sand cast crankcases anticipating the construction of the S model, destined for a broader range of users thanks to its price, cut by half over that of the previous version.
 
In April 1999 the F4 Gold Series was presented in action at the Monza racetrack for the first time, attracting the attention of over a hundred trade publications. The bike was impressive for its speed of over 280 km/h and its extraordinary chassis and handling characteristics, universally considered to set new standards. Despite its price of over 68 million lire (approximately 35 thousand euros), the F4 Gold Series was snapped up by the wealthiest and most dedicated motorcycle lovers all over the world ranging from royals, to actors and sporting personalities. These include King Juan Carlos of Spain, Emanuele Filiberto, Lapo Elkan, , Tom Cruise, Angelina Jolie, Hugh Laurie, Brad Pitt, Eddy Irvine, Michael Schumacher, Gerhard Berger, all the members of the Italian national Football team that won the world championship in 2006, among them Marco Materazzi e Mauro Camoranesi.
Production of the new MV Agusta required a complete reorganisation of the productive cycle, converting the Schiranna plant for production of engines only. The F4 and Brutale have come a long way since the early production models but maintain the same basic philosophy: beauty, technology, performance, modified and tweaked but without altering excessively the spirit of the initial design.
 
Today we can consider the evolution process as successful: the new F4 has been introduced and includes important design features and innovations, while the most beautiful naked bikes on the market, the Brutale 990R and 1090RR, were presented to the press in September 2009, at Misano (Italy). And this is where history ends and the news begins.