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Piaggio plans to open production sites in Brazil, Vietnam

February 27, 2007
Filed under Features

Piaggio SpA plans to open production sites in Brazil and Vietnam to reach its production target of 1 million vehicles by 2010, chairman and CEO Roberto Colaninno said in an interview with Italian newspaper Il Sole 24 Ore.

Piaggio manufactured 650,000 vehicles in 2006, according to the daily. The company’s joint venture in China produced almost 200,000 additional units, but that number is not consolidated in the group’s sales.

The motorcycle and scooter manufacturer has superceded its restructuring phase and will now focus on growth, Colaninno said.

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