Piaggio Group

Piaggio Group Worldwide Profits Plunged in 2013

It’s no secret that the automotive and powersports sectors have been hit especially hard during The Great Recession of the past few years, but it’s not always easy to get a full picture of just how hard they’ve been hit. Well Yahoo! Autos is reporting that Piaggio’s 2013 financials show a 57% decline in profits over the year before. That drop in profit is driven by a number of factors, but most significantly by a lack of sales and fluctuations in worldwide currency values.

Read More