Piaggio's strategy update expected to be cautious

Newswire

By Gilles Castonguay MILAN, May 28 (Reuters) - After a weak start to the year, Italian scooter maker Piaggio & C SpA is expected to be cautious at best when it gives an update of its three-year strategic plan on Friday. Like most vehicle manufacturers, Piaggio, best known for its Vespa scooter, is facing a drop in sales as consumers postpone big-ticket purchases amid signs of a weakening economy. The weather has not helped, either. In Italy, its home market, rain has washed out the ...

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