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Piaggio Reports 2011 Results

Thu, 23 Feb 2012 00:00:00 -0800

The Piaggio Group reported a 9.8% increase in net income in 2011 thanks to rising demand for scooters and increased sales in Asia. According to Piaggio‘s annual fiscal report, the Italian company made a profit of 47.0 million (US$62.6 million) in 2011, compared to a net profit of 42.8 million euros in 2010. Net sales reached 1.52 billion euros (US$2.02 billion) in 2011, a year-on-year increase of 2.1% from the 1.49 billion euros reported in 2010.

Piaggio Announces 2011-2014 Business Plan – More Hybrids and Electric Models In the Pipeline

Wed, 14 Dec 2011 00:00:00 -0800

The Piaggio Group revealed its business plans for the next three years with a focus on developing fuel efficient engines and introducing new electric motors and hybrid powertrains. Beginning in 2012, Piaggio plans to introduce a new generation of engines with lower emissions and improved fuel economy. Examples include the new 350cc engine introduced in the Piaggio Beverly SportTouring and the fuel-injected 125cc four-stroke, three-valve engine equipped in the Vespa Quarantasei concept (which the company has apparently, and quietly, renamed as the much easier-to-pronounce Vespa 946).

EICMA 2011 Preview: New Moto Guzzi V7 Range Revealed

Fri, 04 Nov 2011 00:00:00 -0700

Moto Guzzi unveiled two new models from its V7 line, joining the already released (and recently reviewed right here on Motorcycle.com) V7 Racer. The new Moto Guzzi V7 and the V7 Scrambler will make their public debuts Nov. 8 at the 2011 EICMA show in Milan.

Piaggio Reports Q3 2011 Results

Tue, 01 Nov 2011 00:00:00 -0700

Piaggio announced a net profit of 46.3 million euros (US$63.3 million) over the first nine months of 2011. That represents a slight dip from the 46.7 million euros (US$63.8 million) over the same period of 2010, but still respectable numbers in the face of a shrinking market for motorcycles in Europe. The decrease in profit comes despite a 2.0% increase in net sales, with Piaggio taking in 1.20 billion euros (US$1.64 billion) over the first three quarters.

Guzzi World Days 2011: Moto Guzzi Celebrates 90th Birthday

Tue, 20 Sep 2011 00:00:00 -0700

A record crowd of over 20,000 landed in Mandello del Lario, Italy, for Giornate Mondiali Guzzi (Guzzi World Days) to celebrate Moto Guzzi’s 90th anniversary. The first Guzzi World Days event since 2007, the three-day celebration attracted thousands of enthusiasts representing about 52 different countries around the world. Visitors got to see the restoration efforts on historic Moto Guzzi landmarks including its famous wind tunnel, the first to be used by a motorcycle manufacturer to test aerodynamics.

Limited Edition 2012 Moto Guzzi California 90 Unveiled

Tue, 20 Sep 2011 00:00:00 -0700

Updated with pricing and American availability. Moto Guzzi unveiled a limited edition California touring motorcycle to mark the Italian manufacturer’s 90th anniversary. The special edition model was presented at the manufacturer’s 2011 Guzzi World Days celebration in Mandello del Lario, Italy.

US Motorcycle Sales First Half 2011 Results

Thu, 28 Jul 2011 00:00:00 -0700

The U.S. motorcycle industry saw a 4.6% decrease in year-on-year sales over the first six months of 2011, thanks mostly to a 17.3% drop in ATV sales. Motorcycle and scooter sales however saw a 1.7% bump in the first half .

Piaggio Reports First Half 2011 Results

Wed, 27 Jul 2011 00:00:00 -0700

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.

Don't become another crime statistic

Mon, 13 Jun 2011 00:00:00 -0700

On average approximately 50,000 motorcycles are stolen each year. They're taken from outside homes, from large urban environments across the countries major cites and highly organised gangs are at the heart of thefts preying on innocent motorcyclists. Experts of motorcycle security, Acumen advise on how to protect your bike: How to reduce the chance of theft Protection is like layers of an onion – the more the layers; the longer it takes.

1954 AJS E95 May Fetch Upwards of $750K in August Pebble Beach Auction

Wed, 18 May 2011 00:00:00 -0700

This uber rare 1954 AJS E95, aka The Porcupine, may become the most expensive motorcycle in the world. World-famous auction house, Bonhams, has recently announced that it will handle auctioning of an ultra-rare 1954 AJS E95 during the Pebble Beach Car Week held annually in August at the Quail Lodge Golf Club in Carmel, Calif. Bonhams estimates that due to the rarity of the E95 (only four were completed by British brand AJS) it may see a bid as high as $750,000.