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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.

Moto Guzzi V7 Special, V7 Stone and V7 Racer Coming to US for 2013

Piaggio announced it will bring its newly-updated V7 models to North America with sales to begin in mid-October. We’ve written about the Moto Guzzi V7 Stone, V7 Special and V7 Racer when they were first announced by Piaggio in March, and we already have a review of the V7 line up from our European correspondent Tor Sagen. As we predicted at the time the three 750cc models will be sold in North America as 2013 models.

Mac Motorcycles

British motorcycle design studio Xenophya Design and product designer Ellis Pitt have teamed up to produce a new company, Mac Motorcycles. Based out of Upton-Upon-Severn in Worcestershire, England, Mac Motorcycles will produce a line of bikes powered by Buell’s air-cooled single cylinder 492cc engines used in the Blast, with a tubular backbone frame. On the company’s website, Pitt describes its bikes as being simple to maintain, include references and details from choppers and bobbers and feature “Harley posture, flat-track manners, Ducati handling”.