Italian News Headlines 15-06-2024 - 160 earthquakes have hit the Campi Flegrei area of Naples in the last few days, including one measuring 4.4, the strongest to be measured in over 40 years --- The owner of a restaurant in Sorrento, tired of looking for suitable waiters, has bought two robots to serve his customers --- Statistics released for 2022 show Italy produced 40% of Europe's tomatoes --- Jannik Sinner rises to ATP number 3 in the world after his semi-final win in Rotterdam --- Jannik Sinner becomes the first Italian to win the Australian Open tennis tornament --- Italian social media influencer, Chiara Ferragni, is under investigation for fraud over a Christmas Cake sponsorship deal with Italian cake manufacturer, Balocco --- A man and a woman died when their Mercedes SUV broke through the barrier of a car park overlooking Lake Como and plunged 10 metres into the water --- Interbrand, the world's leading brand consultancy, has valued Italy's 'Vespa' at over one billion euros --- Judges in a bomb-proof courtroom in Calabria, have sentenced 200 'Ndrangheta members to more than 2,200 years in prison

Moto Guzzi

Moto Guzzi

Moto Guzzi is an Italian motorcycle manufacturer. Based in Mandello del Lario in Lecco, Lombardy since 1921, it is the longest-running motorcycle manufacturer currently in production, at 101 years old.

The company was formed by Giorgio Parodi, Giovanni Ravelli and Carlo Guzzi during the First Wold War. The three friends were serving in the Corpo Aeronautico Militare (CAM, the Italian Air Corp) when they decided to develop a motorcycle manufacture business. All three were a perfect fit for forming a company: Parodi would provide the finance, Ravelli the motorcycle prowess and Guzzi the engineering know-how.

However, Ravelli died in a tragic airline accident days before the venture was due to start. The other two continued with the business but decided to commemorate Ravelli with the eagle’s wings in the company logo.

The company’s initial first successes were the 8HP Normale, the 1928 Guzzi GT, and the 1939 Airone 250 models, the latter which became Italy’s most popular medium capacity motorcycle for fifteen years.

After Second World War, the Guzzino 65 model became the best-selling model in Italy for ten years.

Although Moto Guzzi withdrew from providing motorcycles for motorsports in 1957, during their foray into the sport they managed to gain accolades including won 3,329 official races, 14 Grand Prix world championships and 11 Isle of Man TT wins.

A large part of the sales and sporting success gained by the company by the mid-1960s was to do with Carlo Guzzi’s original designs of motorcycles with horizontal single cylinder engines.

However, around this time the company started to falter. Carlo Guzzi retired aged 72 in 1961, while Giorgio Parodi had passed away in 1955. Just three years after Guzzi’s retirement, the business had entered into a full-blown financial crisis. In 1966, the company had to be liquidated.

The liquidators, Italian building society IMI, formed a company called SEIMM (Societa Esercizio Industrie Moto Meccaniche) who purchased Moto Guzzi outright in 1967. The company’s resurgence to a balanced account sheet in the following years was down to their focus on lightweight mopeds, plus the development of the 90° V twin engine.

Despite the engine not originally being designed by Guzzi, the engine configuration became one of the company’s biggest symbols.

In 1973, Argentinian industrialist Alejandro de Tomaso purchased the controlling body SEIMM and thus, became the owner of Guzzi. Despite de Tomaso not being able to invest well in the company, Guzzi returned to healthy profitability under de Tomaso’s stewardship.

During these 27 years of ownership, Guzzi produced the popular 850 Le Mans superbike, the innovative ‘Integrated Braking System’ and four-valve versions of small block engines.

Moto Guzzi changed hands in 2000, then again in 2004 by vehicle manufacturer Piaggio. Nowadays, Moto Guzzi still thrives in the same building from which they first launched in 1921. Despite having changed ownership and been through many hardships, the company remain as innovative as ever today.

Map of Italy
map of Italy
Facts & Figures
Area: 301,225 km²
Population: 60,157,214
Capital: Rome
Currency: Euro (€)
Calling code: +39
Internet TLD: .it

Current local time in
Rome, Italy
Italian Flag
Italian flag
Italian Coat of Arms
Italian coat of arms
Euro Exchange Rates
Exchange Rates
ROMEWEATHER
Other pages you might like
Made in Italy
Newsletter
Enter your email address below to receive our free newsletter, 'I Love Italy'. It provides a captivating glimpse into the allure of 'The Bel Paese', containing extracts from our most recent articles, a window on Italian news, fashion, music and culture, useful information for visiting and living in Italy as well as our latest, delicious Italian recipes.

Subscribers are also entitled to a 10% discount on purchases from our sister-site, Italy Gifts Direct.

We will not use your email address for any other purpose or pass it on to any other organisation and you can unsubscribe from this service at any time.