MV Agusta 500 Four

The new four-cylinder was introduced in 1973, but the machine was unreliable, so that the three-cylinder machine was often used. Initially, the four-cylinder had a single front disc and spoked wheels. A 3.00-18 front tire was used, and, depending on circuit, a 3.25, 3.50 or 3.75-18 rear tyre.[6] It was a difficult year for MV Agusta and especially so for Giacomo Agostini. They had attracted Phil Read as "second driver", but he did not accept a supporting role. Moreover, the four-cylinder two-stroke Yamaha TZ 500 appeared, on which Jarno Saarinen won the first two GPs. Agostini still trusted the three-cylinder, but in the first race he was beaten by Read on the four-cylinder. In the GP of Germany, Read won after Saarinen, Kanaya (both Yamaha) and Agostini had dropped out. After the fatal accident in Monza, where Saarinen and Renzo Pasolini died, the 500 cc race was cancelled and Yamaha withdrew for the remainder of the season.[7] As previously agreed, the top riders stayed away from the Isle of Man TT, meaning the next race would be in Yugoslavia. However, due to a controversial decision by team leader Magni, the MV drivers were not allowed to drive. He was not convinced of the safety of the track, which was approved by a delegation of four drivers, including Agostini. In the TT of Assen, Agostini dropped out again and Read won. Agostini won in Belgium and Czechoslovakia, but Read still had a comfortable lead in points and Ago was behind Kim Newcombe and Jack Findlay in the rankings. Read became the world champion at the Grand Prix of Sweden.[8] He had driven the new four-cylinder for most of the season. Agostini was third in the World Motorcycle Championship.

After the surprising departure of Agostini to Yamaha (he felt with Read in the team he was no longer the No 1 rider), Gianfranco Bonera joined Phil Read at MV. Bonera, however, was primarily engaged to win the Italian championship title. The four-cylinder was a now a considerable improvement on the three-cylinder, but in 1974 there was much more competition. Yamaha now had the updated YZR 500 factory racer, but a whole fleet of TZ 500 production racers also appeared. In addition, Barry Sheene, Paul Smart and Jack Findlay launched the new Suzuki RG 500. Agostini had switched to Yamaha. Both Read and Bonera were unhappy with the bike's chassis. A central rear suspension was tried along with new Ceriani forks. A 4.50-18 rear wheel slick was experimented with. Probably no other racing model by MV Agusta has been modified so frequently.[6] MV Agusta stopped the 350cc class early in the season, allowing them to concentrate fully on the 500cc class. In the season opening French GP, for the first time in years, there was a battle between three brands, which was won by Phil Read after Agostini dropped out.[8] The top drivers boycott the Grand Prix of Germany. In Assen, three brands were on the first row: Yamaha (Teuvo Länsivuori and Giacomo Agostini), MV Agusta (Phil Read) and Suzuki (Barry Sheene). Agostini won this race, but in Belgium he was again second behind Read.[9] There he drove the new YZR 500, but the MV Agusta was also new and finally had a full 500cc engine. Due to falls in Sweden, Agostini and Sheene lost their chance for the world title. Phil Read came second there, but his win at the Grand Prix of Finland clinched the world title for MV Agusta again.[8] Bonera finished second in the final ranking of the world championship.[10]

A decision of the FIM to reduce the sound volume of the racing machines in the future to 113 dB(A), would be particularly problematic for the four-stroke MV Agusta. Two-stroke were easier to dampen without sacrificing performance with a revision to the expansion chamber. The four-cylinder MV Agusta was measured at between 125 and 130 dB(A) on unrestricted exhaust pipes. Read and Agostini drove with earplugs to endure the noise.[11]

Although they had obtained the first two places in the previous year's world championship, the opposition for the MV Agustas was becoming stronger. The FIM had committed to long races. The two-stroke machines had to make fuel stops or mount larger, heavier tanks which favored the MV Agusta four-stroke. Read was not at all satisfied with the handling of the four-cylinder machine. A tubular frame was installed instead of the old demountable double loop frame to achieve higher chassis stability. A wider swingarm was also used to allow a slick tire on the rear. Gianfranco Bonera broke a leg during the preseason and had to be replaced by Armando Toracca. Giacomo Agostini, sought rapprochement with the MV team, but was still employed by Yamaha. Toracca disliked "second driver" status and forced Read to fight for third place in the opening race, causing them to lose a lot of time to Agostini and Kanaya with their Yamahas. In Austria, Read was only third behind Kanaya and Länsivuori (Suzuki). On the Hockenheim circuit, pure speed was important and as a result Read was able to compete with Agostini, but Agostini won.[9] In Imola, Read had no chance against Agostini and in Assen he was only third. In Belgium, another speed circuit, Read won.[8] Moreover, Agostini dropped out, as did the now fit Bonera and Barry Sheene. Read became second behind Sheene[12] in Sweden but dropped out in Finland, the first technical failure for MV that season. As a result, the world title battle was still open at the start of the last GP (Czechoslovakia). Agostini had to make a fuel stop and Read won the race, but Agostini's second place was enough for him to clinch the world title, the first time on a two-stroke machine in the 500cc class.[13]

The season was disappointing for MV and Agostini, and not once did Agostini make it onto the podium. The two-stroke Suzuki were superior in performance and now so stable that Barry Sheene was undisputed champion. On August 29, 1976, the last race of the season, Agostini managed to win the final race victory of a four-stroke engine in direct comparison to two-stroke racing engines with the MV Agusta on the demanding Nürburgring - Nordschleife . He came after 7 laps with , to the finish.

In 1976, Agostini returned to MV Agusta, as Yamaha officially retired from racing in late 1975; Read, previously No. 1 rider at MV, switched to Suzuki. Agostini did not have a usual factory contract, the MV Agustas were delivered to the "Marlboro-Api Racing Team", but the entire team of factory engineers supported at races. The FIM introduced the new noise limit of 113 dB(A) and the MV was fitted with a redesigned cylinder head and mufflers to meet the limit.[14] The season started so poorly that Agostini used a Suzuki RG 500 after the second race. Only in the last race of the season at the Nürburgring-Nordschleife in Germany did the MV Agusta appear again, now equipped with lighter pistons and a lighter crankshaft. Agostini won the race with it in difficult conditions, finishing 52 seconds ahead of second placed Marco Lucchinelli on a Suzuki. This was the last 500 cc GP win by a four-stroke.[15]

After the last race at the Nürburgring, MV Agusta officially retired from motorsport.[16] After 30 years of motorsport, the new majority shareholder did not want to invest more money in the racing department of the financially troubled company. A four-cylinder boxer engine with water cooling mounted longitudinally in the frame was in development, but never progressed beyond a prototype.[17][18] In 1978 Cagiva unsuccessfully tried to purchase the MV Augusta racers as the basis for their own racing team.[19]