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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.

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.

Ghezzi-Brian V-Twin Motard Kit for Moto Guzzi Griso Featuring Dynamic Damping Action Suspension

Moto Guzzi tuner Ghezzi-Brian unveiled a new motard based on the Moto Guzzi Griso. Available either as a whole motorcycle or as a ready-to-install kit for a Moto Guzzi Griso, the Ghezzi-Brian V-Twin Motard turns the Italian eagle brand’s roadster into a supermoto. The V-Twin Motard even fooled some of the motorcycle press into thinking it was a new Moto Guzzi Stelvio production model when a prototype was caught by spy photographers.