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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 Q1 2012 Results

Increased scooter sales offset a drop in motorcycle sales, but both segments reported increases in net sales for the Piaggio Group in the first quarter of 2012. According to Piaggio‘s first quarter report, the Group sold 9,400 motorcycles worldwide, down 8.2% from the 10,300 units sold in the same quarter last year. Scooter sales however saw a 7.9% increase to 79,200 units from 73,400 units.

2012-2013 Moto Guzzi Griso, Norge, Stelvio NTX Rear Suspension Recall

Earlier this month, we wrote about a recall in Canada for the 2012-2013 Moto Guzzi Griso, Norge GT 8V and Stelvio NTX 1200 8V because of a problem with their rear suspension systems. The National Highway Traffic Safety Administration has also announced recall for the U.S. market, revealing more information about the issue.