Pierer Mobility Replaces Chairman
The KTM crisis continues to unfold and Pierer Mobility has restructured the board, replacing the chairman.
KTM in crisis5
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KTM is in worse shape than we reported
Pierer Mobility's problems are even more serious than estimated before. The unsold inventory at KTM is likely a year's worth of sales.
The Year 2024 in Review
The industry takes slow yet significant strides towards electrification
What went wrong with KTM?
Pierer Mobility AG (KTM) has filed for judicial restructuring, a step away from bankruptcy. Sales is slow, marketshare is down, and they are sitting at manhy months of inventory. In the bigger picture, it indicates how fragile the European two-wheeler industry is.
KTM Enters Self-Administration
KTM caused tremors in the motorcycling world by applying for judicial restructuring. The company cannot repay loans due in the near term because of unsold inventory. This is shocking for a motorcycle manufacturer that happily distributed dividends till last year.