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

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).

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.

Moto Guzzi V7 Special, V7 Stone and V7 Racer Coming to US for 2013

Piaggio announced it will bring its newly-updated V7 models to North America with sales to begin in mid-October. We’ve written about the Moto Guzzi V7 Stone, V7 Special and V7 Racer when they were first announced by Piaggio in March, and we already have a review of the V7 line up from our European correspondent Tor Sagen. As we predicted at the time the three 750cc models will be sold in North America as 2013 models.