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Piaggio Reports 2012 Sales Results

The Piaggio Group reported a 7.3% decrease in net sales and a 9.0% decrease in net profit for 2012, thanks in large part to a sharp decline in demand in Europe including an all-time low for motorcycle sales in Italy. Piaggio reported net sales of 1.406 billion euros (US$1.842 billion) in 2012, down from 1.516 billion euros in 2011. Motorcycles and scooters accounted for net sales of 993.3 million euros  (US$1.301 billion), a 3.1% decrease from 1.025 billion euros reported for 2011.

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.

EICMA 2013: Moto Guzzi V7 Series Updates

Not to be left out of the 2013 EICMA show announcements, Moto Guzzi has announced its changes for the three models that make up the V7 line. Known for their 1970s-inspired style, the V7s are built, according to Moto Guzzi press materials, “to three fundamental pillars: the 90° transverse V-twin, the timeless double cradle frame and the renowned cardan shaft final drive.” Well, one of these pillars gets a functional update for 2014. The engine now utilizes a wet flywheel instead of the previous dry alternator.