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The Vital Oracle has spoken:
KTM are bankrupt!
Numbers in the books are faked!
Pierer hid 2b debt!
Stock price over $10 is not sustainable!
Stock is going to 0!
PMG can't sell shares!
Nobody will invest in PMG and certainly not Bajaj!
The banks won't accept restructuring!
The banks will get 100%!
The Vital Oracle is always right,
All hail the Vital Oracle!
Please try to be more factual when quoting me. You seem to be seriously off on occasion.
You batted .666 on that one..
LA on fire, KTM on fire, what's next?
2025 hasn't started off too great :/
Even for me, I started with acute bronchitis the first day of the year...
Dude, you've just given loads of wannabe YouTubers titles or thumbnails for their videos 😄
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I also have an open mind, but you need to take off the tin foil hat. KTMs issues are not in any way connected to a movement to wipe out all debt and have crypto replace all currencies. It's due to really really bad decisions made by senior leadership.
And if Austria were to bail out KTM, I would be absolutely shocked if the existing leaders continued on in their current roles. It’s in the country’s best interests to try and keep high quality manufacturing jobs that export products globally.
IT SOUNDS LIKE the disloyalty the company showed their employees recently is going to transition to dealers. KTM is going to force dealers to take motorcycles or pull the plug on the dealership selling the brand. Dealers are already over stock but will be required to take bikes anyway. KTM will in turn offer storage to dealers for a small fee. I hope these are all just rumors because the moto community is typically some of the best people in the world. Good luck to your dealer these next few months.
Feld Racing w/ Chase, Mookie ,AP, & Bam Bam.
So basically it goes like the below? If so, dealers are going to be blowing their bikes out either to make room or because they don't want to sell KTM anymore
PMG: Hi dealer, we know you don't have room. We don't care and you have to buy more bikes from us our we shred the contract and you can't sell any.
Dealer: You're right, I already have a ton on inventory that's not moving.
PMG: OK buy more bikes and we'll deliver later and charge you storage fees in the meantime?
Understandable if you don't remember some of this, it must be hard to keep track with 500 comments a month.
Your own score is 0 but all hope is not lost, some of these are still in play, we'll review it at the end of the month.
And btw the market cap wasn't down to 400 M today neither, better luck next time.
What I find astonishing is when you try to find info on “KTM filing for bankruptcy” you find a November article on racer X and one other article on cycle news. Why is the Moto media trying to keep a lid on this. I listen to Pulp religiously and I haven’t heard a peep about it. I’ve learned the most about this from this thread. I hope like hell they figure it out (it’s not looking good) but was the Moto media told to keep a lid on this in fear it would drive people not in the know away from purchasing a KTM group bike. Idk. Just curious I guess.
The whole purpose of restructuring is to permit on going necessary operations while the creditors and court figure out a plan. It's highly likely the race teams are considered necessary expenses if the company is going to continue.
Actually the administrator suggested axing the racing program, PMG resists this for the moment and they're trying to maybe either sell or find investors for this specific part of the company. Maybe some people are missing that the racing program is hundreds of people, it's not just the handsomely paid riders. Cutting the racing program means firing hundreds more workers.
I remember just fine. Maybe since you are accusing you can show me and the rest of vital your accuracy that you claim I so sorely lack. I will be waiting for you to prove all 9 statements. Good to know we are keeping score. Be interesting to see how many of the six things I did say come true.
BTW 4584/25 does not equal 500. With math skills like yours how can you fault mine. Personal attacks on me do wonders for my post count.
Hundreds of workers that generate no income at a company teetering on the brink of bankruptcy…this could easily be viewed as an unnecessary expense by a potential investor.
...and it could be viewed as necessary. This is a very ordinary debate amongst the stakeholders. Everyone will make their best case...I'm guessing the MX race team survives (satellite teams' contracts probably not).
I read the entire administrator's report from the first (and to date, only) creditors meeting. He mentioned the likely sale of the MotoGP Moto2 and moto3 teams. No mention of the motocross racing program.
How does the dealer take more bikes if the flooring line is maxed?
Pit Row
Racing seems frivolous when the factory workers aren’t getting paid and vendors are being fucked over. Anybody in there right state of mind would understand if KTM came out and said hey sorry we need to focus on our core biz for a season or two.
Dropped today:
Another One Bites The Dust, as KTM-Owned Metal Foundry Declares Insolvency
Over 100 employees were left without jobs just two days before they expected to get their next paycheck.
Photo by: RideApart.com
It doesn't roll off the tongue as KTM does, but by the end of this piece, you're going to know a little more about the Austrian metal foundry called Vöcklabrucker Metallgießerei GmbH.
For one thing, it's been around for a long time—since 1955, in fact. That means, if you're doing the math, it was due to celebrate its 70th anniversary in 2025. While that doesn't quite have the punch of a 75th anniversary, it's still a long time for a company to be around. Most probably, it would've taken great pride in celebrating the decades of metalwork it had provided to its customers.
But not any longer.
Why? Because on December 13, 2024, the Austrian foundry officially filed for insolvency with local Austrian courts. Vöcklabrucker Metallgießerei GmbH was a wholly-owned subsidiary of KTM Components, which in turn is one of the three KTM subsidiaries that declared insolvency a short time before the foundry did, according to KSV1870 (an Austrian credit protection association).
It wasn't always this way, of course. In fact, KTM Components only took over Vöcklabrucker very recently, on September 1, 2024, according to numerous local Austriannews outlets. About 50 percent of the foundry's orders came from KTM Components, while the remainder came from outside customers.
KTM Components' own insolvency declaration was filed in court on November 29, 2024. Vöcklabrucker filed its own insolvency declaration two weeks later, on December 13, 2024, because it was reportedly due to pay employees on December 15 and it knew that wouldn't be possible.
Two major issues contributed to Vöcklabrucker's insolvency declaration:
KTM Components and KTM AG's planned production stop, which was intended to start on December 15, 2024 and run through March 3, 2025, and the associated massive sales reduction
Vöcklabrucker's liquidity was already tapped out, and verbal promises it says it received from KTM AG to provide advance payments were no longer possible due to KTM AG's own insolvency proceedings
Unlike KTM AG, there is currently no plan for Vöcklabrucker to continue, nor to be restructured. That means 134 total additional employees will be caught up in the ripple effects of the KTM Group's subsidiary insolvencies. Vöcklabrucker has recorded debts of around 3.5 million Euros, along with an unclear tally of assets that KSV1870 representative Alexander Meinschad believes will be utilized "in the best way possible" after the company is officially closed in bankruptcy court.
A full examination and creditor's meeting for Vöcklabrucker is planned to take place in Austria, at the Regional Court of Wels, on March 13, 2025.
Where there's a will there's a way. Krispy Kreme is a great case study in jamming stores full of product to cook the books. Not to say ktm is doing exactly that but companies are great at this kind of creativity.
They don't, they close the Austrian factory, allow dealers time to sell existing stock, restructure, and move manufacturing to India and/or China.
The brand and dealer network survives, Austria remains the development center and head office.
And make a billion in 2 years so as to not break the covenant.
I feel like that is actually there only way out of this.
How many people do you think would continue to buy ktm products knowing it was manufactured in China or India?
Gotta say I’m out if they move prod to those areas. Might as well just make scooters at that point.
They could do final assembly in Austria, from parts manufactured in India and/or China, and still claim manufactured in Austria, I would be surprised if they aren't currently doing that for many parts.
The banks will make their money back, but it may take 5 years or longer.
Part of the debt forgiveness is paying the entire 30% off in 2 years. Are you saying that is now off the table?
If manufacturing did move to those places im not sure if the average ktm rider would really mind. I think it would be more the serious riders that follow what's actually going on that would really care. But what do I know 🤣
Dude just broke the all time career batting average record!
Worked with a dealer in 09 that told the three manufacturers to get bent when they tried to strong arm them into ordering more units for 2010. The old man that owned the dealership was not in the mood to play games and told them to come get all their crap. They quit being a dealer all together.
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