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Moto blog

Piaggio Slashes Vespa LX125 Prices in India to Bolster Slow Sales

Piaggio launched its Vespa scooter brand at last January’s Indian Auto Expo to much fanfare but sales have fallen short of expectations. The Vespa LX125 launched in Indian showrooms in April as the first new Vespa scooter offered in the country in 13 years, but Piaggio has only sold about 25,000 units. That might seem like a lot, and would be, for the U.S.

Piaggio Reports First Half 2011 Results

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.

Allstate Offering $5,000 Grants for Best New Motorcycle Safety Ideas

We’ve previously written about Allstate‘s efforts at advancing motorcycle safety and awareness, from its “Watch for Motorcycles” sign campaign to its Rider Risk Map app on Facebook. Today, the insurance provider announced another new initiative in its Good Rides Grant program, offering $25,000 in grants for new ideas to advance motorcycle safety. Allstate is asking people to send their ideas on how to improve safety to the company’s Facebook page.