MV Agusta, originally Meccanica Verghera Agusta, is a motorcycle manufacturer founded on 12 February 1945 near Milan in Cascina Costa, Italy. The abbreviation MV stands for Meccanica (mechanics) Verghera, the hamlet where the first MVs were made. The company manufactured small-displacement, café racer-style motorcycles (mostly 125 to 150 cc) through the 1950s and 1960s. In the 1960s, small motorcycle sales declined, and MV started producing larger displacement cycles in more limited quantities. A 250 cc, and later a 350 cc twin were produced, and a 600 cc four-cylinder evolved into a 750 cc. The MV Agusta company was notable for its successful motorcycle racing department and multiple Grand Prix motorcycle racing world championships.