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Only $10 for all 2026 SX, MX, and SMX series.
Where should I send the bill?
I have been wrong before.
I kind of figured we are even after all the shit you gave me this week.
Alright bud, whatever you say! I wasn’t even keeping score???
Pretty yes, but probably didn’t help performance.
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If you feel faster, you ride faster. Only way I can see that making any difference
Correct. Has the same affect as drilling out your gas tank mount bolt washer…
There is no margin in the little bikes. after freight I think there is $59 left to be made on a pw 50, TTr 50 isn't much better.
You make some very good points.
As far as making the 2 strokes un necessarily high tech with TPI-TBI i always heard KTM "had" to do that to be clean air compliant for the ever restricted euro air quality standard.
If true then how does Yamaha sell carb'd YZ 2 strokes in Europe?
The reason KTM did the TPi in the 2 stroke was for the Enduro models, It was intended for Enduro bikes (because those are street legal) and then they put it in the MX models, I guess to have every single 2 stroke under the same technology (and save costs) MX bikes don't have to follow any enviroment rule in Europe because they are closed coursed vehicles, Yamaha does well with their 2 stroke models over here.
XC bikes are not existent over here because they don't have a license plate and you could get in deep trouble riding them in the Woods, Enduro bikes are allowed to ride in the Woods, hence the reason KTM went TPi, Kawi and Honda sell their XC models over here, but you have to turn it legal (and it costs a lot of €€€€ and Kawi and Honda are not going to pay that homolgation)
Yamaha 2 strokes are not road homologated.
A world exists outside of North America and outside of motocross? Kidding, of course. That's very informative. Thank you.
Ktm should have been the we,fe,sr. the GasGas should have been the Rmz and the Husky the off-road and Ds. Lose the moto Gp team and the new headquarters. Rebate the current inventory until it's gone and start over.
Right
https://www.crash.net/motogp/news/1060879/1/woes-deepen-ktm-money-probl…
Don't forget this!
What is the stock price now?
This has nothing to do with selling cheap two strokes/entry level bikes, investing in the bicycle market, or moto gp. It has everything to do with incredibly poor forecasting, assuming Covid sales would continue, and overspending like madmen across the company. They ran out of money long ago and continued to leverage themselves with creditors and now they are screwed.
Pit Row
That much debt for that size company seems insane. Makes you wonder if something criminal was going on
"According to GPOne, KTM generated a profit of €100m in 2023"
No chance they can pay back 1B in two years according to the filing requirements. Not a viable offer. Pierer knows this.
You can only point the fingers at the C-suite execs. They get paid a mint to manage a company and plan for the future. The current execs have failed miserably in all financial aspects.
Most manufacturers are leveraged. Here are a few of the big names for comparison in USD.
Debt:
Toyota: 255 billion
Honda: 68 billion
VW: 219 billion
Ford: 159 billion
GM: 127 billion
Suzuki: 5 billion
Tesla: 7 billion
Interestingly, Tesla and Suzuki are the only ones on this list with the cash reserves to payoff their debt.
I wonder who their accountants are? If you see your clients being boneheads, you really should say something. I’m going to assume that their accountants at some point expressed concern but management thought themselves smarter than their accountants. Bad idea.
Can’t compare KTM to the largest manufacturers in the world. You’re comparing what is essentially recreation spending on motorcycles with spending on vehicles that people need to live their lives
After a bit of snooping, I see that KPMG did their 2022 audit (a firm I know well - I spent 3 years). Just glancing at the report ratios looked pretty good back then and growth looked strong. But they got overexcited and things seem to have gone tits up in a hurry. I deal with small private clients (mostly in agriculture)so take what I say for what it’s worth which isn’t much - I’d be out of my depth trying to deal with the accounting for a group like this. But the overall picture seems straightforward enough. Tried to push too much growth too fast and now they’re drowning in debt.
Why is there a set of polished cases randomly in this thread?
Just try it, you’ll see… or so I hear.
Thanksgiving cheer.
Do you see any details on the debt- Inventory? Specific capex?
H1 (July-September) 2024...
Post a reply to: KTM to file for Bankruptcy/ Self Restructuring on Friday