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His area of expertise seems to shift thread by thread. Sometimes finance, sometimes legal, I'm sure there's a medical degree in there somewhere. When pressed by someone that actually has knowledge or understanding he tends to pee down his leg. I think the official job title is "internet know-it-all".
lol,
"KTM's failure to honor previously made commitments will not help its cause. The firm has filed for bankruptcy protection under so-called self-administration, which allows the existing management board to stay in place and oversee the restructuring. Failing to honor commitments to its workers is not likely to fill the company's creditors with confidence. And that is precisely what KTM CEO Stefan Pierer so badly needs."
Stefan is doing everything he can to make sure it cannot.
Exactly why I have not pulled the trigger yet. If I knew I would keep it for an extended period of time I would buy one. Chances are the brand might be gone and it will even be worse
The only thing that has shifted is the clown posse is busting my balls about something else. Rent Free?
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The thing that surprised me the most here - I blocked "MXAddic"s spam replies from my feed, and this thread got 9 pages shorter!
For the second time today . . . huh?
Can you prove I peed on my leg?
How would one do such a thing if they were so inclined?
My thoughts exactly, and I think the vast majority of this place is perhaps curious as well.
So please - do tell - how?
How many years would it take to recover the millions of dollars of R&D, coding/programing and tooling? If it were easy and profitable, it’d be done already!
All of that has already been done for them by their European engine partner, Fantic
Well if PMG goes tits up they will have wished they already had it to market.
They got at least 15 years out of the current cylinder and cases. They could offer GYTR 300 cylinder and electric start kits without even changing the current YZ250X.
The Japanese play follow the leader with each other.... they are not really innovators. Everyone knows a good Japanese 350 would sell like hotcakes.... but they are too focused on the standard 250/450 offerings to give people what they want.
Kinda funny - I’d like to know how many people got out of dirt bikes all together because a 450 was too much and 250 not enough… i personally know several that did..
I think the real problem is they didn't want to compete with KTM.
Unfortunately it seems that 125 and 390 models seems be the ones that are sitting in the dealer floors at least here in Finland. Only few unsold -24 motocross and enduro bikes here available and discounts for those are quite moderate
Pit Row
As i wrote in another thread about this topic on this forum, I've bought a 2025 KTM 250SXF last week. Went to the dealer I've been buying bikes from since 2017 (and my dad bought most of his bikes since the 1970s there) and we had a long chat about the situation.
I've bought a CRF250 this summer at another place. Amazing bike, but the lack of power - and to a certain point quality - made me decide to sell it and get back on KTM. To be really honest, I wanted to buy a Triumph. But I don't have enough references at my local track to be totally convinced it's a premium product. I think the Triumph is, but the nearest dealer is more then two hours away from me. So my options are limited for the deep sand in Holland and Belgium.
As said, we had a long chat about the situation. His take on it, most of it already described in this thread. I thought it was cool to share:
- GasGas / Husky will be taken to the sidelines for the near future. KTM will be the main focus again.
- Overproduction and positive sales forecast hurt them big time. They will now create production levels similar to 2022. With the amount of bikes being limited, it will balance out demand. They just released the factory edition for 2025.
- Debt situation with the banks is also an issue in Austria. Pierer KTM can play it both ways, as the government is scratching their head what the economical damage would be if they go totally bankrupt. The total workforce around the area being dependent on KTM is really big, so they will have to work together to convince the banks to cooperate with the restructuring plan.
- Their biggest suppliers will obviously be paid first, the smaller suppliers could be in trouble. KTM had a lot of reliability issues.
- Bajaj group will attend these restructuring meetings as well. They can 'easily' cover the debt, that's why he isn't concerned too much with the current issue. KTM may go bankrupt, but a headstart/takeover is definitely an option. KTM will stick around for the future, in some way. You also have Red Bull as a possible buyer for a takeover, even though this was debunked a few times in this thread.
- Automotive company Leoni, was sold for a majority stake as well, to Chinese company Luxshare. Pierer had a majority stake in this one. https://www.gpone.com/en/2024/12/03/motogp/peter-vogl-restructuring-manager-ktm-ag-will-continue.html
Another interesting article: https://www.gpone.com/en/2024/11/30/motogp/creditors-stefan-pierer-digs-into-his-pockets-to-save-ktm.html
Few weeks to go for the KTM group. Hopefully the employees will get their money.
Saw this in Yamahas 2024 financial report and I had to chuckle, they actually drew an arrow to the moon.
I'm curious to see the 2024 figure.
I'd be curious to see it broken down into 250 verse 450s.
Update from the Pierer Mobility AG website today, 17 December 2024:
PIERER Mobility AG appoints Citigroup Global Markets Europe AG to reorganize its ownership structure
PIERER Mobility AG is currently in talks with potential strategic and financial investors. These include both existing partners as well as new strategic and financial investors.
Citigroup Global Markets Europe AG was appointed today to support this process in a structured, transparent and efficient manner in the interest of all stakeholders.
The objective of the investment process is to have investors subscribe to a necessary cash capital increase or financial instruments of PIERER Mobility AG. These funds will be used to strengthen the PIERER Mobility Group, in particular KTM AG.
In order to finalize the structured investor process, it will be necessary to convene a shareholders' meeting in due course to pass the relevant resolutions.
Wait what? It's impossible, how could they find investors when our resident finance expert said they couldn't sell shares?
Oh, well, maybe that's what restructuring means after all 😆
GT bikes is getting shut down, and will sell through the remaining inventory. Team riders just found out today. Another bad sign
CGME is their market maker and I suspect can no longer continue to support a stock price above $10. This is a fire drill. Maybe wait until somebody cuts them a check instead of another propaganda release to start gloating.
Once again your ignorance is mind numbing. The plan was to restructure debt, not the ownership. Evidently they have little faith in that process and are now looking for ways to restructure the ownership.
OMG you can block on this web site?
Please please enlighten me how !!!!
Honestly it's fascinating how quickly you can elaborate to not let reality take any hold of you.
Unimaginative folks like myself might read this and just think that restructuring during a restructuring process makes sense but here you are, shining some light towards us.
I mean, once you had understood the difference between restructuring and bankruptcy of course.
So your latest is, this announcement is just another smoke screen because... the shares are too high?
If you insist...
At this level of dysfunction, PM AG is cavorting with those who make and change the rules. Behind closed doors, anything goes when you're in bed with representatives of the Elohim/Archons. Definitions of BK or Re-Struct...can and will vary. None of this is about what is correct and or moral. It is all about power and control.
Post a reply to: KTM to file for Bankruptcy/ Self Restructuring on Friday