Ive been told that gilera the Italian bike manufactures is going out of business is this true?

That arm of business might be in financial difficulty but all Gilera bikes are actually Piaggio-made, with Gilera branding (Piaggio owns Gilera and makes all the bikes) and Piaggio sorted out most of its own difficulties back in 2003/4.Ive been told that gilera the Italian bike manufactures is going out of business is this true?
Its probably true. But someone will probably buy The name and still produceIve been told that gilera the Italian bike manufactures is going out of business is this true?
I wouldn't worry to much. Gilera have gone bust and then been relaunched on three occasions in my lifetime - and I'm only 42...
Gilera is owned by Piaggio since 1969 (others Piaggio owned brands are Aprilia and Moto Guzzi (2004) in Italy and Derbi (2001) in Spain); in 2006 Piaggio earnings went up 85.5%.


Gilera sales: up 11.3%.


Few days ago Piaggio made announce about 25 new models (including Gilera's) coming out this year.
Theyre Itallian,they`ll wallow in the doldrums then get revived again like the last few times
Mr The Fish above is correct..





Gilera are owned by Piaggio so may be going through some sort of re-branding and dropping the Gilera name.
Well Gilera are part of the massive Piaggio group and have also recently announced a 850 V-twin maxi scooter which looks the business, so I don't suppose they can be doing that bad.