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 ...

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