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Piaggio Announces 2011-2014 Business Plan – More Hybrids and Electric Models In the Pipeline

The Piaggio Group revealed its business plans for the next three years with a focus on developing fuel efficient engines and introducing new electric motors and hybrid powertrains. Beginning in 2012, Piaggio plans to introduce a new generation of engines with lower emissions and improved fuel economy. Examples include the new 350cc engine introduced in the Piaggio Beverly SportTouring and the fuel-injected 125cc four-stroke, three-valve engine equipped in the Vespa Quarantasei concept (which the company has apparently, and quietly, renamed as the much easier-to-pronounce Vespa 946).

Piaggio Reports Q2 2013 Results

The Piaggio Group reported a 12.1% decrease in net sales over the opening six months of 2013, the company’s worst first half showing since 2004. Net sales totaled 671.5 million euros (US$891.9 million) over the first six months, compared to 764.1 million euros reported in the same period of 2012. Piaggio still earned a net profit of 25 million euros (US$33.2 million ) in the first half, but that’s a 26.1% drop from last year’s 33.8 million euros.

Max Biaggi Announces Retirement

Max Biaggi will retire as a champion, announcing his decision to step away from the sport after winning his second World Superbike Championship by just half a point. The man known as the Corsair and the Roman Emperor announced his retirement this morning at a press conference at the Vallelunga circuit near Rome, Italy. Biaggi ends his 21-year international racing career with six world championships, with four consecutive 250cc Grand Prix titles from 1994 to 1997 to go along with his 2010 and 2012 WSBK titles.