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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.

EICMA 2008: First Impressions

I have had a little walk around checking out the preparations for the show. I haven’t seen anything that I haven’t already seen or heard about previously, but here’s a selection from three of the halls. Yamaha are the only manufacturer to use an industrial crane to place some of its bikes up on high rise stands.

Designer Galluzzi Discusses the New Moto Guzzi California 1400 – Video

Moto Guzzi released a video featuring Marco Lambri, director of Piaggio Group style, and Miguel Galluzzi, vice-president of design discussing the new Moto Guzzi California 1400 and Piaggios’s planned Advanced Design Center in Pasadena, Calif. Galluzzi says the model displayed at Piaggio Group Americas’ dealer convention in Miami last week is just one variation for the California. Galluzzi says Moto Guzzi will release a full dressed touring version this autumn, with the single-seat version to follow, as well as at least one more.