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2012-2013 Moto Guzzi Griso, Norge, Stelvio NTX Recalled in Canada for Rear Suspension Problem

Transport Canada announced a recall for the 2012-2013 Moto Guzzi Griso 8V, Norge GT 8V and Stelvio 1200 NTX because of a problem with the rear suspension. The double connecting rod in the rear suspension linkage may not have been manufactured correctly and may fail. Failure could result in a loss of vehicle control, increasing the risk of a crash.

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 Q3 2011 Results

Piaggio announced a net profit of 46.3 million euros (US$63.3 million) over the first nine months of 2011. That represents a slight dip from the 46.7 million euros (US$63.8 million) over the same period of 2010, but still respectable numbers in the face of a shrinking market for motorcycles in Europe. The decrease in profit comes despite a 2.0% increase in net sales, with Piaggio taking in 1.20 billion euros (US$1.64 billion) over the first three quarters.