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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.

Max Biaggi Announces Retirement

Max Biaggi will retire as a champion, announcing his decision to step away from the sport after winning his second World Superbike Championship by just half a point. The man known as the Corsair and the Roman Emperor announced his retirement this morning at a press conference at the Vallelunga circuit near Rome, Italy. Biaggi ends his 21-year international racing career with six world championships, with four consecutive 250cc Grand Prix titles from 1994 to 1997 to go along with his 2010 and 2012 WSBK titles.

Piaggio Reports Q2 2013 Results

The Piaggio Group reported a 12.1% decrease in net sales over the opening six months of 2013, the company’s worst first half showing since 2004. Net sales totaled 671.5 million euros (US$891.9 million) over the first six months, compared to 764.1 million euros reported in the same period of 2012. Piaggio still earned a net profit of 25 million euros (US$33.2 million ) in the first half, but that’s a 26.1% drop from last year’s 33.8 million euros.