Piaggio purchases plants in India and Vietnam

[GTM®]

Just FYI... from FrontierIndia.net.

Piaggio’s new 2010-2013 Business Plan stresses on construction of new manufacturing facilities in India and Vietnam and strengthening commercial operations in Asian markets. While Piaggio will introduce new products in Asia, it will focus developing new technologies for the European and American markets. It plans to bring down costs sourcing from Italy, India, Vietnam and China.

For 2-wheeler business, Piaggio is constructing new manufacturing plant in India to produce scooters and bikes and launch first Vespa scooter in 2012. In Vietnam, Piaggio will expand its facility, in order to meet rising demand for new models coming from South East Asian markets.

In Europe, the group will consolidate its leadership in scooters and boost motorcycle market shares for the Aprilia and Moto Guzzi brands. New engines will be developed for Aprilia, accompanied by a full renewal of the range of engines and products for the Moto Guzzi brand.

Piaggio will seek continued growth of the joint venture on the Chinese market.

In commercial vehicles, Piaggio will consolidate 3-wheel vehicle sector in the Indian market and and extend product range in 4-wheel vehicles on the Indian and European markets. These goals will be pursued with the design and development of new 4-wheel models featuring innovative low-consumption/emission diesel and turbodiesel engines.

In 2013, the Group projects consolidated net sales of approximately € 1,900 million and EBITDA of around € 285 million, with a 15% EBITDA margin. Cash flow management will aim to reduce debt – with a planned net financial position of approximately € 300 million in 2013 – remunerate invested capital and guarantee a significant level of R&D investment.

 

[mohawkeye]

I just saw this: http://hellforleathermagazine.com/2010/09/‘full-renewal’-for-moto-guzzi-by-2013/

 

[Belfastguzzi]

I just saw this: http://hellforleathermagazine.com/2010/09/‘full-renewal’-for-moto-guzzi-by-2013/

as I posted somewhere else, regarding this:

Good - interesting post thanks. No really solid new info though.
They're already half way there, in their strategic delivery, aren't they?

Now....
'in with light weight' - good, if somewhat fanciful
'high technology' - oh dear
'and futuristic looks' - oh deary, deary, dear
'the two designers say they’ll really get going' - oh woe, wail and despairing anguish

---------

Honestly, there is just so much buffonery going on, when they actually have serious issues to address.
Strategic Plan?
Lost their way? – Not half!

 

[GuzziMoto]

I am afraid to see what Terblanche does, his design history has more then its share of ugly, poorly conceived bikes.
But whatever you are doing, DO IT. Don't babble on and on, posturing about what you are going to do. Talk is cheap and means nothing. Come up with your plan an do it.
Then if the poorly conceived and ugly bikes don't sell, blame some one else.
I'm just glad we already have our Guzzi's.

 

[Belfastguzzi]

<New engines will be developed for Aprilia, accompanied by a full renewal of the range of engines and products for the Moto Guzzi brand.>

I am afraid to see what Terblanche does, his design history has more then its share of ugly, poorly conceived bikes.
But whatever you are doing, DO IT. Don't babble on and on, posturing about what you are going to do....

When I said, or posed the question, that they are already half way there (?)
I'm thinking that:
1)they've renewed the engines (maybe they'll produce some with larger capacity, but essentially that part of the plan is done. ?
2)They've got most of the new product out now. Whether the 'concepts' are really a final part of that product plan or not, remains to be seen. I guess they can't delay/prevaricate for many more years(!), before the money runs out for a final time. ?