In 2004 Moto Guzzi become a unico azionista, a wholly owned subsidiary, and one of seven brands owned by Piaggio & C. SpA, Europe's largest motorcycle manufacturer and the world's fourth largest motorcycle manufacturer by unit sales.
Moto Guzzi was conceived by two aircraft pilots and their mechanic serving in the Corpo Aeronautico Militare (the Italian Air Corp, CAM) during World War I: Carlo Guzzi, Giovanni Ravelli and Giorgio Parodi.
In the 1950s, Moto Guzzi, along with the Italian factories of Gilera and Mondial, led the world of Grand Prix motorcycle racing. With durable and lightweight 250 cc and 350 cc bikes designed by Giulio Carcano, the firm dominated the middleweight classes. The factory won five consecutive 350 cc world championships between 1953 and 1957.
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