KTM to file for Bankruptcy/ Self Restructuring on Friday

no_fun
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2/21/2025 2:36am Edited Date/Time 2/21/2025 2:39am

How could a person aware of this situation have any confidence in buying a new KTM/GG/Husq? They will have disgruntled suppliers and workers going forward. They will have to fight warranty claims harder. It's so disappointing. Are they banking on consumers to be ignorant of the situation? My current two bikes and previous two were Austrian made, however I am going to be pretty reluctant to buy another one. 

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Snail
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2/21/2025 2:49am

Well they’ve certainly done a good of not having the media talk about it. 

Sure it’s online, and in the business section. But I still haven’t heard much from a podcast or the super cross show. This could be the single largest news piece of the last decade and could really change our sport. KTM created an off-road market that was dying, kept up development of the two strokes and innovated quite a bit during the 2010-2020 era. 

Without them. Conservative Japanese brands will stay status quo. KTM forced other brands to move forward with their designs. 

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cwel11
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2/21/2025 2:52am
no_fun wrote:
How could a person aware of this situation have any confidence in buying a new KTM/GG/Husq? They will have disgruntled suppliers and workers going forward. They...

How could a person aware of this situation have any confidence in buying a new KTM/GG/Husq? They will have disgruntled suppliers and workers going forward. They will have to fight warranty claims harder. It's so disappointing. Are they banking on consumers to be ignorant of the situation? My current two bikes and previous two were Austrian made, however I am going to be pretty reluctant to buy another one. 

We and countless other people we know and race with have bought PM bikes since this news broke back in the fall. Did it bother me their future is uncertain? Yes a bit. Did it bother me enough to not add a third one to our other two for a great price? Hell no. Still a great bike (at the moment) 

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Spoonguy
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2/21/2025 5:04am
no_fun wrote:
How could a person aware of this situation have any confidence in buying a new KTM/GG/Husq? They will have disgruntled suppliers and workers going forward. They...

How could a person aware of this situation have any confidence in buying a new KTM/GG/Husq? They will have disgruntled suppliers and workers going forward. They will have to fight warranty claims harder. It's so disappointing. Are they banking on consumers to be ignorant of the situation? My current two bikes and previous two were Austrian made, however I am going to be pretty reluctant to buy another one. 

cwel11 wrote:
We and countless other people we know and race with have bought PM bikes since this news broke back in the fall. Did it bother me...

We and countless other people we know and race with have bought PM bikes since this news broke back in the fall. Did it bother me their future is uncertain? Yes a bit. Did it bother me enough to not add a third one to our other two for a great price? Hell no. Still a great bike (at the moment) 

Great bike created by unethical business practices.

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The Shop

MxAddic
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2/21/2025 5:09am
yak651 wrote:

I’m guessing this question will be conveniently ignored…

Called to the mat again by the vitards and again they get STFU’ed. But I am the asshole.

Progressive….

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burn1986
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2/21/2025 5:11am

If KTM could time a big sale in the US with the stimulus checks that are supposed to be coming out.

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yak651
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2/21/2025 5:31am
yak651 wrote:

I’m guessing this question will be conveniently ignored…

MxAddic wrote:

Called to the mat again by the vitards and again they get STFU’ed. But I am the asshole.

Progressive….

I didn’t call you names, I just said you wouldn’t answer a legitimate question 🤷‍♂️

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MxAddic
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2/21/2025 5:34am
yak651 wrote:

I didn’t call you names, I just said you wouldn’t answer a legitimate question 🤷‍♂️

You have been taking cheap shots at me for a good little bit now. You didn't attach a name. Big deal.

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Team403
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2/21/2025 5:35am Edited Date/Time 2/21/2025 5:43am
hartebreak wrote:
Ok lets say KTM gets a financial bailout, lets say the creditors agree to take 30%. Lets say they make it through this. The part of...

Ok lets say KTM gets a financial bailout, lets say the creditors agree to take 30%. Lets say they make it through this. The part of this that just isnt making sense, and I don't hear anyone talking about is just how KTM expects to pay off the new debt in 2 years....

 Its not like its a screaming hot market right now, even if KTM was financially solvent, and none of this bad news was putting a black cloud over the brand, the market still sucks. 

I just don't see how the bean counters can project enough sales to not only keep the doors open, but also now pay off all this new debt that they are stacking up during this bailout/restructure. 

 

Its like the people who have $50k in credit card debt, then refi their home, pay the cards off only to max them out again a year later and now they have the new higher mortgage AND the new credit card debt. Now stack on top of that lower income, and its a recipe for disaster. 

Motofinne wrote:
That has been my thoughts too the recent days. The timeline doesn't make any sense, i don't get how you come up with an Excel spreadsheet...

That has been my thoughts too the recent days. The timeline doesn't make any sense, i don't get how you come up with an Excel spreadsheet explaining that this would be theoretically possible 

I’m guessing a lot of folks stretched themselves to buy a discounted PMG bike over the last 12 months.  Those buyers are gone for a few years.  Once they go back to full sticker the sales are going to be tough in this market.  Not to mention the used market is saturated with low hour C19 impulse bikes.   Locally you can buy a really nice bike for 50% of new.  Fun funds are drying up across the nation.  They still have a tough road ahead I believe.  

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MxAddic
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2/21/2025 5:56am
Spoonguy wrote:

Great bike created by unethical business practices.

So correct me if I am wrong. Pierer is going to fix/save the company by taking a mulligan for 2 Bil and then taking a loan for another 1 Bil that is guaranteed full repayment.

Brilliant!

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early
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2/21/2025 5:58am
yak651 wrote:

I didn’t call you names, I just said you wouldn’t answer a legitimate question 🤷‍♂️

MxAddic wrote:

You have been taking cheap shots at me for a good little bit now. You didn't attach a name. Big deal.

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MxAddic
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2/21/2025 6:05am
early wrote:
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I did. Guess it was not fast enough to suit everybody so insults where in order.

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yak651
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2/21/2025 6:14am Edited Date/Time 2/21/2025 6:15am
early wrote:
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MxAddic wrote:

I did. Guess it was not fast enough to suit everybody so insults where in order.

I know you will take this as a “cheap shot”, sorry in advance. I went back to give you the benefit of doubt to see if you edited your post and named the dealer. You did not, you also have had follow up post, but none that named the dealer? So how are you claiming you did?? I’ll gladly apologize if you can point out where you did

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early
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2/21/2025 6:21am
early wrote:
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MxAddic wrote:

I did. Guess it was not fast enough to suit everybody so insults where in order.

In Queensbury? They are still showing new KTMs for sale.

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MxAddic
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2/21/2025 6:35am
early wrote:

In Queensbury? They are still showing new KTMs for sale.

The door has been locked for a year Bro.

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Beagle
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2/21/2025 6:39am
MxAddic wrote:
So correct me if I am wrong. Pierer is going to fix/save the company by taking a mulligan for 2 Bil and then taking a loan...

So correct me if I am wrong. Pierer is going to fix/save the company by taking a mulligan for 2 Bil and then taking a loan for another 1 Bil that is guaranteed full repayment.

Brilliant!

You're wrong.

The money intended to repay the 30% debt would mostly come from investors injecting 100s of M in the company, plus Pierer and Zöchling putting their own money, there is no 1B loan.

Is there anything else I can help you with today?

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MxAddic
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2/21/2025 6:44am Edited Date/Time 2/21/2025 6:46am
Beagle wrote:
You're wrong.The money intended to repay the 30% debt would mostly come from investors injecting 100s of M in the company, plus Pierer and Zöchling putting...

You're wrong.

The money intended to repay the 30% debt would mostly come from investors injecting 100s of M in the company, plus Pierer and Zöchling putting their own money, there is no 1B loan.

Is there anything else I can help you with today?

Yeah, what are they getting for injecting money into the company. When you figure it out we can discuss it.

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Team403
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2/21/2025 6:46am

Hope they never need to get a line of credit down the road.  Surely going scorched earth with the banks is going to leave a mark.  

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APLMAN99
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2/21/2025 7:08am
yak651 wrote:

I’m guessing this question will be conveniently ignored…

MxAddic wrote:

Called to the mat again by the vitards and again they get STFU’ed. But I am the asshole.

Progressive….

Which dealer were you referring to?  I don’t see anything showing the dealer name. 

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early
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2/21/2025 7:15am
yak651 wrote:

I’m guessing this question will be conveniently ignored…

MxAddic wrote:

Called to the mat again by the vitards and again they get STFU’ed. But I am the asshole.

Progressive….

APLMAN99 wrote:

Which dealer were you referring to?  I don’t see anything showing the dealer name. 

I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that sells KTMs but he says the doors have been locked for a year so idk when they told KTM to pound sand? 

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JazzyJJ
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2/21/2025 7:19am
early wrote:
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MxAddic wrote:

I did. Guess it was not fast enough to suit everybody so insults where in order.

Where?

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MxAddic
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2/21/2025 7:20am
early wrote:
I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that...

I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that sells KTMs but he says the doors have been locked for a year so idk when they told KTM to pound sand? 

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GrapeApe
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2/21/2025 7:23am
MxAddic wrote:

Called to the mat again by the vitards and again they get STFU’ed. But I am the asshole.

Progressive….

APLMAN99 wrote:

Which dealer were you referring to?  I don’t see anything showing the dealer name. 

early wrote:
I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that...

I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that sells KTMs but he says the doors have been locked for a year so idk when they told KTM to pound sand? 

It doesn't matter by his own admission the dealer in question went out of business a year ago. Whatever happened had nothing to do with the recent claim that KTM NA is going to force extra inventory on their dealers under threat of having their dealership pulled. I have no idea why he argues the things he argues only to throw in the towel but continue arguing.

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early
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2/21/2025 7:27am
early wrote:
I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that...

I guess Progressive, there's a progressive motorsports in Texas, and one listed in Queensbury New York that seems to be operating as DAX powersports now that sells KTMs but he says the doors have been locked for a year so idk when they told KTM to pound sand? 

MxAddic wrote:

I guess they told their website guy to pound sand too.

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MxAddic
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2/21/2025 7:51am Edited Date/Time 2/21/2025 7:59am

Call them up...

I have been going in there for 8 years and have never seen a KTM. Nothing listed in their invertory either.

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Team403
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2/21/2025 7:52am

I’m just here for the Bankruptcy stuff 🤔

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MxAddic
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2/21/2025 8:09am
GrapeApe wrote:
It doesn't matter by his own admission the dealer in question went out of business a year ago. Whatever happened had nothing to do with the...

It doesn't matter by his own admission the dealer in question went out of business a year ago. Whatever happened had nothing to do with the recent claim that KTM NA is going to force extra inventory on their dealers under threat of having their dealership pulled. I have no idea why he argues the things he argues only to throw in the towel but continue arguing.

So when they where stuffing the dealers in '23 to inflate production it has nothing to do with any of this according to you.

BTW I never said they where doing it recently but many others have.

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GrapeApe
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2/21/2025 8:10am
MxAddic wrote:
Call them up...I have been going in there for 8 years and have never seen a KTM. Nothing listed in their invertory either.

Call them up...

I have been going in there for 8 years and have never seen a KTM. Nothing listed in their invertory either.

Screenshot %2822%29 1.png?VersionId=ZdhgAw i9fSXMxL

We've come full circle from "my dealer told KTM NA to pound salt and no longer sells them" to "my dealer has not sold KTM in the last 8 years".

 

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MxAddic
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2/21/2025 8:19am Edited Date/Time 2/21/2025 8:25am
GrapeApe wrote:
We've come full circle from "my dealer told KTM NA to pound salt and no longer sells them" to "my dealer has not sold KTM in...

We've come full circle from "my dealer told KTM NA to pound salt and no longer sells them" to "my dealer has not sold KTM in the last 8 years".

 

You are clueless. Two different shops.

One sold KTM's and has locked doors the other never has.

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Beagle
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2/21/2025 8:40am
Beagle wrote:
You're wrong.The money intended to repay the 30% debt would mostly come from investors injecting 100s of M in the company, plus Pierer and Zöchling putting...

You're wrong.

The money intended to repay the 30% debt would mostly come from investors injecting 100s of M in the company, plus Pierer and Zöchling putting their own money, there is no 1B loan.

Is there anything else I can help you with today?

MxAddic wrote:

Yeah, what are they getting for injecting money into the company. When you figure it out we can discuss it.

Lol, there's not much to figure out, basically they're getting shares and a seat at the table, that's what investors do.

Do you have a point or are you just randomly jumping from one bad take to another?

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