Piaggio earnings fall as Italians skimp on scooters

Newswire

By Keith Weir MILAN, Feb 27 (Reuters) - Annual profit at motorcycle maker Piaggio fell 9 percent after demand in its home Italian market slumped to an all-time low because of the economic crisis. Piaggio, which was founded over a century ago and produces the iconic Vespa scooter, said European sales of two wheelers had fallen by 50 percent since 2007 as the effects of the downturn were felt across the continent. Italians have always had a ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×