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Piaggio Reports Q3 2011 Results

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

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.

Piaggio Reports Q2 2012 Results

The Piaggio Group reported a 4.8% drop in motorcycle and scooter sales over the first half of 2012 thanks to the continuing struggles of the European economy. The Piaggio Group includes the brands Aprilia, Moto Guzzi and Vespa. According to the company’s second quarter report, the Piaggio Group sold 216,700 motorcycles and scooters in the first half of 2012, compared to 227,700 units in 2011.