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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.

EICMA 2012: Moto Guzzi California 1400 Custom and Touring Versions Revealed

Last week, we got a peak at the new touring version of the Moto Guzzi California 1400, the new flagship cruiser from the Italian brand. Piaggio has now presented the new California 1400 at the 2012 EICMA Show in both its touring trim and the custom version pictured above. The new Moto Guzzi California 1400 is powered by a 1380cc V-Twin engine, which Piaggio claims is the largest V-Twin produced by an European manufacturer.

Piaggio Reports 2011 Results

The Piaggio Group reported a 9.8% increase in net income in 2011 thanks to rising demand for scooters and increased sales in Asia. According to Piaggio‘s annual fiscal report, the Italian company made a profit of 47.0 million (US$62.6 million) in 2011, compared to a net profit of 42.8 million euros in 2010. Net sales reached 1.52 billion euros (US$2.02 billion) in 2011, a year-on-year increase of 2.1% from the 1.49 billion euros reported in 2010.