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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.

WSBK: 2012 Misano Results – Video

Max Biaggi strengthened his hold on the 2012 World Superbike Championship lead with a pair of wins at Italy’s Misano circuit. The Aprilia rider out-battled the Althea Ducati duo of Carlos Checa and Davide Giugliano to win Race One before taking a relatively easier Race Two victory. Before the races, WSBK riders lined up on the starting grid to hold a banner expressing their support for the Emilia region in northern Italy which has been suffering from earthquakes and continuing aftershocks since late May.

Henry Kissinger, Chinese Police and the Aprilia Mana 850

Okay, the headline sounds like the setup to a bad joke, but it pretty much describes the scene in the picture above released by the Piaggio Group. Former U.S. Secretary of State Henry Kissinger is in China this month to mark the 40th anniversary of his secret diplomatic visit in 1971 which paved the way for formalized relations between China and the United States.