Piaggio: Stable North American sales but overall revenue up

The Piaggio Group said its first-half 2007 revenue and gross margin were both up over last year even as its half-year North American sales were only “stable.”

The Italian manufacturer shipped 396,000 vehicles worldwide, a 4 percent increase over the year-ago period. Its net sales increased notably in Europe (by nearly 17 percent) and India (15.5 percent).

For more on the company’s first half, see the Sept. 24 edition of Powersports Business.

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