1961 Moto Guzzi Lodola 235 Gran Turismo on 2040-motos

Moto blog

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.

Classic Japanese Bikes Highlight Bonhams’ Next Auction

Bonhams’ annual fall auction, the Classic Motorcycle Mechanics Show, at Stafford County Showground is scheduled for October 20, 2013. Included in the auction is the above pictured 1974 Kawasaki H1-RW 500cc triple. Expected to sell for approximately $96,000 to $112,000, the Japanese works Grand Prix racer is one of only two machines built by the factory for the French Kawasaki importer SIDEMM for use in the 500cc World Championship. The bikes were ridden during the 1974 season by the French endurance racing specialist Christian Léon and French-Canadian Formula 750 star Yvon Duhamel.

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.