2011 Moto Guzzi V7 Classic Competition on 2040-motos

Moto Guzzi V7 tech info

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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.

Third Annual ‘The MEET’ at ACM

More than 2,000 attendees visited America’s Car Museum for its 3rd annual Vintage Motorcycle Festival ‘The MEET’ last weekend in Tacoma, Washington, where over 300 motorcycles and scooters were showcased on the Haub Family Field at LeMay. The event drew pre-1981 motorcycles and scooters from the U.S. and Canada, including an antique motorcycle display, swap meet, cruise-in and a 78-mile roundtrip tour from ACM’s Anderson Plaza to Mt. Rainier.

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.