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Piaggio Reports Q1 2013 Results

The Piaggio Group reported an 11.6% drop in net sales for the first quarter of 2013, the result of a struggling economy and unseasonably cold weather in Europe and a flatlining two-wheeler market in Vietnam. There was however some good news in North America, Vespa sales in India and a 27.8% increase in Moto Guzzi sales. According to the company’s first quarter report, Piaggio reported net sales of 303.4 million euros (US$396.8 million), down from net sales of 343.1 million euros reported the same quarter of 2012.

2017 Moto Guzzi MGX-21 Flying Fortress First Ride Video Review

A stylish entry into the bagger market <p>The Moto Guzzi MGX 21, aka the Flying Fortress. Moto Guzzi’s take on the American bagger, the MGX is a stylish design exercise powered by a 1380cc transverse V-Twin pumping out 95 horsepower and nearly 90 lb-ft of torque. It’s a high-revving cruiser, which in itself isn’t something you normally say about cruisers.</p> The MGX–21 Flying Fortress is Moto Guzzi’s fourth variation on the California 1400 platform.

Piaggio Reports First Half 2011 Results

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.