From DealerNews...
Submitted by Guido Ebert
Submitted by Guido Ebert
Piaggio & C. S.p.A. hopes to attain net sales of approximately €1.880 billion ($2.640 billion) on unit sales volume of 750,000 vehicles by 2012.
The OEM's financial goal is part of a four-year multi-prong strategic plan revealed this week.
Piaggio's other stated goals include:
— increased research & development activities, improved pricing competitiveness in the scooter market, and expanded product offerings specific to the sportbike market in North America;
— a consolidation of leadership, development of an innovative range of scooters, and differentiating the mission of the Aprilia, Moto Guzzi and Derbi brands in Europe;
— improvements, standardization and a reduction in the complexity of product development processes in regards to sourcing, R&D and IT;
— an annual investment of €90-100 million for the development of new products, plants and processes;
— an increased presence in the low-emissions vehicle market via hybrid, electric and bio-fuel offerings;
— the production of 1000cc diesel and 1,200cc turbodiesel commercial vehicle engines for use in Europe and India;
— and further development of the company's global distribution network, especially in Asia.
Piaggio & C. S.p.A. had net sales of €1.570 billion ($2.006 billion) for its year ended Dec. 31, 2008, down 7.2 percent from net sales of €1.692 billion in 2007.
The Piaggio Group in North America includes the Aprilia, Moto Guzzi, Piaggio and Vespa brands. In other parts of the world the company also markets product under the Ape, Derbi, Gilera and Piaggio Commercial Vehicles brand names.
Piaggio's brands together sold 648,600 vehicles in 2008, down 8.5 percent compared to 708,500 vehicles sold in 2007. Motorcycle unit sales dropped 14.2 percent to 62,600 units; scooter unit sales declined 10.5 percent to 405,700 units.