Piaggio's CEO sees "good" order book in June

Newswire

PONTEDERA, Italy, June 24 (Reuters) - Italy's Piaggio & C had a "good" book of orders for its scooters in June as higher oil prices push consumers towards lighter consumption vehicles, Chief Executive Roberto Colaninno said on Tuesday. "Paradoxically the oil crisis is helping Piaggio," Colaninno said on the sidelines of a shareholders' meeting. "In June we are seeing a good order book." Piaggio cut forecasts in its business plan in May blaming the slower economy for a weaker sales ...

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