Moto Guzzi first started testing the by now iconic longitudinal 90 degree V-Twin in 1966. Released as the 700 CC V-7 in 1967 it was updated in 1969 as the 750 CC Ambassador (or V-7 Special in Europe) Incredibly to me Guzzi was in state receivership for financial reorganization at the time.
To say that the Ambassador sold well (particularly in America) is an understatement. Which is incredible considering that the radical CB750 was released at the same time. Though the CB750 sold in much greater numbers, 1971 was Moto Guzzi’s all time highest production year in terms of units. It was very much a successful model for Guzzi which helped bring the company back to firm financial footing.
The 1970 Moto Guzzi Ambassador used a 757 CC air cooled overhead valve longitudinal V-Twin motor that made 60 HP with a four speed transmission that was good for a top speed in excess of 100 MPH. Suspension was standard forks and swingarm, brakes were drum on both ends and wet weight with the near 6 gallon tank half full was 545 LBS.
This bike has clearly been painted in non factory colors, and the BIN price is optimistic at best. This particular 1970 Moto Guzzi Ambassador (VIN# 15773) is in Ojai, California and is listed as ‘family owned and motor professionally rebuilt 10 years ago’. The bike has been bored to 800 CC. This bike is currently bid at $5,000 with reserve not met and a Buy It Now price of $11,000
Sources:
Motorcycle Classics
Cycle Garden
Wikipedia
Guzzista