1993 Moto Guzzi California Cruiser on 2040-motos

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Piaggio Reports Q1 2012 Results

Increased scooter sales offset a drop in motorcycle sales, but both segments reported increases in net sales for the Piaggio Group in the first quarter of 2012. According to Piaggio‘s first quarter report, the Group sold 9,400 motorcycles worldwide, down 8.2% from the 10,300 units sold in the same quarter last year. Scooter sales however saw a 7.9% increase to 79,200 units from 73,400 units.

2012-2013 Moto Guzzi Griso, Norge, Stelvio NTX Rear Suspension Recall

Earlier this month, we wrote about a recall in Canada for the 2012-2013 Moto Guzzi Griso, Norge GT 8V and Stelvio NTX 1200 8V because of a problem with their rear suspension systems. The National Highway Traffic Safety Administration has also announced recall for the U.S. market, revealing more information about the issue.

Piaggio Reports Q3 2012 Results

The Piaggio Group reported a 9.1% decrease in net sales over the first nine months of 2012 compared to the same period in 2011, thanks in large part to a strong decline in the European market for two-wheelers. According to Piaggio‘s third quarter 2012 report, the Italian manufacturer recorded 706.3 million euros (US$913.8 million) in motorcycle and scooter sales, compared to 777.2 million in sales over the same period of 2011. The Piaggio Group, which also includes the brands Aprilia, Moto Guzzi, Vespa and other brands, sold 321,300 motorcycles and scooters in the first nine months of 2012, a year-on-year decrease of 3.5% from 2011.