Piaggio Group Invests €12 Million into Moto Guzzi - With Some Stipulations

The European Investment Bank loaned Piaggio Group €150 million in December of last year, but they required that the funds also be used to create electric or hybrid motorcycles. So, if the €12 million comes from this loan, Moto Guzzi may be entering into the electric or hybrid world. Of course, we also heard that Azhar Hussain is working with a large European motorcycle manufacturer for his new Mavizen project - could this be related? In either case, it is good to know that Moto Guzzi will be releasing some new designs in 2011 - 2012...

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