Third generation
Designed by Engines Engineering with the style elaborated at the Malaguti style center, the third series of the Madison is a totally new model and presents a new design with a more pointed and streamlined nose and new multireflector headlamps with the arrows positioned in the front shield and the rear-view mirrors now mounted on the handlebar. The new frame is more rigid and compact with a reduced wheelbase of 80 mm to 1410 mm total, the suspension compartment is from Paioli and has a front with a 36 mm fork, while at the rear it adopts a pair of shock absorbers adjustable in spring preload. The braking system features pairs of 240 mm discs: the front 240mm disc with 2-piston hydraulic caliper, and the rear 240 mm disc with hydraulic caliper. The tires are larger than the 14 "tubeless type, from 120/70 tofront and 140/60 at the rear. The saddle has a ground clearance of 795 mm, 40 mm less than the old series.
The third generation is renamed by the Madison 3 house and the first model to debut is the 250 with Piaggio Quasar four-stroke engine, which thanks to the new frame and lower center of gravity has a reduced weight of 5 kg for a total of 158 kg.
In July 2006, the 125 model was also presented, equipped with a Euro 3 approved four-stroke Piaggio engine. The weight of the 125 is 153 kg. The Madison 3 owned 95% of the components of Italian production. The 400 model was no longer proposed with the third generation as it was replaced by the Malaguti SpiderMax 500 maxiscooter.
The Madison production ended in April 2011 following the financial difficulties of the parent company that forced the closure of the Castel San Pietro factory.

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