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The Piaggio Group is supported with a € 60 million line of credit

5. July 2020

1 min read

The two banks Monte di Paschi di Siena and Cassa Depositi e Prestiti have put together a support package to provide money to support Italian companies after the Corona crisis.

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The two banks Monte di Paschi di Siena and Cassa Depositi e Prestiti have put together a support package to provide money to support Italian companies after the Corona crisis.

According to the Piaggio Group press release, the money will flow into the research and development of innovative technology and product solutions in areas such as active or passive safety and sustainability. This also includes reduced consumption and emission values for internal combustion engines.

Piaggio wants to consolidate and expand its leadership position in the mobility sector.