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Piaggio Slashes Vespa LX125 Prices in India to Bolster Slow Sales

Piaggio launched its Vespa scooter brand at last January’s Indian Auto Expo to much fanfare but sales have fallen short of expectations. The Vespa LX125 launched in Indian showrooms in April as the first new Vespa scooter offered in the country in 13 years, but Piaggio has only sold about 25,000 units. That might seem like a lot, and would be, for the U.S.

Honda Electric Bike

Takeo Fukui’s speech this week was a bit on the gloomy side as the company adjusted its profit forecast by 67% in the wrong direction. Slumping auto sales and a sagging U.S. dollar were the main factors for Honda’s third profit forecast cut this year.

2014 Honda CRF125F, CRF125F Big Wheel Announced

Honda announced a new off-road model with two wheel size options for 2014. The new Honda CRF125F and the CRF125F Big Wheel variant replace the outgoing CRF80F and CRF100F youth models, just as the CRF110F replaced the CRF70F in the 2013 model year. Essentially, in two years, Honda has replaced three of its long-serving youth-oriented off-road bikes with new larger-displacement models while maintaining the dimensions of the previous models to provide options for kids of varying heights.