KTM has been in trouble for a while now. But in its most recent financial statements, it seemed as if with a little restructuring, more layoffs, and a few changes to its lineup, things would likely even out in the next year or so. Sure, it’d be rocky ahead, but the brand’s parent company, Pierer Mobility AG, would be on firmer footing soonish.
That’s, apparently, absolutely not the case.
Just a few weeks after Pieirer released its Q3 financials, ones that denoted a serious drop in revenue and an increase in acquired debt (welcome to the family, MV Agusta!), the brand released another statement essentially saying, “We’re truly and properly screwed if we don’t find a substantial cash infusion.” So yeah, I think KTM, as well as GasGas, Husqvarna, and the newly acquired MV Agusta, might get sold in the coming months if not weeks…
The plandemic boosted motorcycle and bicycle sales, but the trend has not continued. Motorcycles are technologically better by far than years ago but they also cost more and new riders may not understand the value of the added tech or know how to use it. ABN
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