I’ve long stopped linking to most stories about the scooter “boom,” gas savings, and supply shortage, every small-town paper in America has covered it to death already, but now we’re making news overseas. Italian news agency AGI posted their story today, with some details about Piaggio’s sales (up over 100% in May!), their plans for U.S. hybrid models, and some glaring errors about U.S. motorcycling laws.
It’s always the day after a new product release, right? Piaggio’s stock dropped 2.8 percent after an announcement that the company’s quarterly profit was down 21%. Bobby C. tempered the announcement with plans for a stock buyback, and promised Piaggio’s gas/electric hybrid MP3 will be released in October this year (Piaggio unveiled the prototype hybrid MP3 last July).