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Piaggio Opening New Design Center in US

Piaggio announced it is opening a new design center in Pasadena, Calif., to be headed by Aprilia RSV4 designer Miguel Galluzzi. Roberto Colaninno, chairman and chief executive officer of  the Piaggio Group, announced plans for the new Advanced Design Center at a dealer convention for the Piaggio Group Americas in Miami, Fla. At the moment, North American customers usually have to wait a little longer before they receive new Piaggio models, with most models arriving on these shores months after they are available in Europe.

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.

1954 AJS E95 May Fetch Upwards of $750K in August Pebble Beach Auction

This uber rare 1954 AJS E95, aka The Porcupine, may become the most expensive motorcycle in the world. World-famous auction house, Bonhams, has recently announced that it will handle auctioning of an ultra-rare 1954 AJS E95 during the Pebble Beach Car Week held annually in August at the Quail Lodge Golf Club in Carmel, Calif. Bonhams estimates that due to the rarity of the E95 (only four were completed by British brand AJS) it may see a bid as high as $750,000.