Saturday, October 24, 2009
Piaggio to invest 12 million euros towards the revival of Moto Guzzi
Roberto Colaninno, President of the Piaggio Group, recently announced that a new business plan is being worked out for Moto Guzzi and the company will be ready with some new bikes by 2011-12. Piaggio, which owns Moto Guzzi, was sanctioned a loan of 150 million euros from the European Investment Bank last year. Of this, about 12 million euros will be invested towards developing new bikes for Moto Guzzi.
Guzzi’s R&D activities will be moved to Piaggio’s facility in Noale, while production will continue at Mandello. The company, which currently produces around 3,500 bikes per annum, hopes to boost production to at least 4,500 bikes by 2010, at which point it will reach break-even point.
Established in the early-1920s, Moto Guzzi is one of Italy’s great, iconic motorcycle manufacturers who’ve fallen upon hard times. The company has produced some great machines over the years (we are great fans of the 1970s Le Mans 850) and we certainly hope Piaggio will be successful in resurrecting M-G.
2WD AC Schnitzer AJS Akrapovic all-wheel-drive Alpinestars AMG Aprilia Ariel Audi Avinton Bajaj Barry Sheene Benelli Bianchi Bimota BMW Bosch Brammo Brembo Britten BSA Buell Bultaco Cagiva Campagna Can-Am Carver Casey Stoner Caterham Chinese bikes Classics Concept Bike Confederate CRandS Custom-built Dainese Derbi Diesel Ducati Eddie Lawson EICMA 2008 EICMA 2009 EICMA 2012 EICMA 2013 EICMA 2014 EICMA 2015 EICMA 2016 Electric Ferrari Fischer flying machines Freddie Spencer Giacomo Agostini Gilera Harley-Davidson Helmets Henderson Hero Motocorp Hesketh Honda Horex Husqvarna Hybrid Hyosung Ilmor Indian Intermot 2012 Intermot 2014 Intermot 2016 Interviews Isle of Man TT Jawa Jay Leno Jeremy Burgess Kawasaki Kevin Schwantz KTM Lamborghini Lambretta Laverda Lazareth Lotus Mahindra Malaguti Markus Hofmann McLaren Mercedes-Benz Mick Doohan Midual Millepercento Mission Motors Mondial Morbidelli Morgan Moriwaki Moto Guzzi Moto Morini Moto2 Moto3 MotoCzysz MotoGP MotoGP-2007 MotoGP-2008 MotoGP-2009 MotoGP-2010 Motorcycle Design Motus MTT MV Agusta MZ News Nissan Norton NSU Peraves Petronas Peugeot Photography Piaggio Porsche Quad Renard Renault Riding Impressions Roehr Ronax Ronin Rotary Royal Enfield Scooters Segway Shootouts Short Films Skills Specials stunt riding Supercharged Suter Suzuki Toyota Travel trike Triumph Turbo TVS Two-stroke Ural V10 V12 V4 V6 V8 Valentino Rossi Velocette Vespa Victory Vincent Volkswagen Voxan Vyrus Wakan Wayne Gardner Wayne Rainey Wunderlich Yamaha Yoshimura Zagato