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Usually ya, rides 4-5 days a week. By 70 hours or so on each bike they are pretty ragged out. Will deffinitly need a fresh one before Loretta’s too.
https://www.rideapart.com/news/751803/ktm-restucturing-succeeds-insolvency/
KTM Won't Die After All, But No One Knows Who Saved It
A mysterious party has, in part, saved the brand.
...now, after all the turmoil, the billions of dollars in accrued debt, the mounting production pauses, and back and forth between creditors, banks, would-be investors, and more, there's an outcome. No, BMW isn't saving the struggling brand, as was the rumor only a few days ago. Nor was it Remus' CEO. Someone is, and in part, that someone is Bajaj. But, Bajaj isn't the only one. Weirdly, the main party involved in saving the company wishes to remain anonymous.
...According to AKV, the Austria firm helping KTM through its restructuring process, the "Restructuring plan of KTM AG accepted by the creditors," reads the press release, and adds that said restructuring will involve paying off only 30% of its creditors claims, which is to be paid to the restructuring administrator by May 25th. That's about $630 million of the nearly $3 billion in debt liabilities it was on the hook for.
...However, what's interesting about AKV's reporting of the situation is that though KTM's shareholders approved the restructuring plan, they didn't disclose the other investors outside of Bajaj. In fact, AKV stated, "The name of the financing investor is still unknown." So who are the other investors? That's still unclear.
And with good reason. You are infatuated with belittling folks on the keyboard because you feel it's more effective than a meaningless up or downvote..
Tell me I am wrong.
The toxicity come from being constantly attacked. I don't project negativity to other members without it first being applied to me. 95%+ of the members here I don't have a single issue with. The others have taken it upon themselves to join my hater club.
Go read my posts away from ant toxic topics infested with fanboys/haters and you will see.
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Very, very good point.
Saying that the investors are not currently known is way different than saying than PMG still needs to find the money (like many other articles state). Creditors and the court did not agree to the restructuring plan without some real insurances about the investors and their capacity to provide 548M in 3 months.
I'll go with the classics: CFMoto, Bajaj, Pierer, Zöchling then add in a couple of really new outside investors.
Soggy is correct about Hammer 663
I am sure he is a fine fellow and I never had a bad word to say about him that I can remember but he has been attacking me like a pit bull with rabies over this KTM mess. Has to be a reason.
Good simple explanation
I’m just not afraid to say what I’m thinking, admit when I’m wrong and have a genuine discussion. You’re capable of one of these (and it’s not the last two) things on a good day.
You dish it out and can’t take it. 90% of your posts are belittling others users l, calling them idiots or clowns and then you cry wolf when it happens to you. Grow up.
Congrats on your new investment partnership MxAddic! Hope it pays off for you.
There are 3 or 4 people in this form that just attack people. I ve seen it first hand. These are some unhappy fooks that don't have anything else to do ... because no one wants anything to do with them.
I wish the moderator would clip them. It would be a much better platform to share info if that happened. MUCH.. MUCH better.
Around the 5:00 mark in the Fortnine video, he questions whether the Chinese and Indian companies are even producing KTM models right now.... does anybody know if they are? They announced a few new models to be made India, but are they actually in production yet? Seems like they might not be because it's not known yet whether the Indian/Chinese companies would actually be able to be paid.
Yes, Bajaj has announced they are continuing production on KTMs, including releasing and shipping the new 390 Enduro R.
They make the 390s in India, as well as some of the smaller road models
My local dealer seemed to have no clue when these 390s would be available in the US. I'd heard March, but then this Fortnine video seemed to question whether production had continued in India and China, because those companies had no way to guarantee they'd actually get paid with the current issues going on. PLUS, all the unsold bikes that KTM needs to move... why produce a bunch of new bikes untill you move some of these older models. All kinds of unknowns.
Interesting vid but IMO questioning if Bajaj or CFMoto carried on production when they actually doubled down their investment to the tune of 100s of M to save the company is a bad take.
Few other bits that didn't sound great to me:
He's entertaining the BMW story even after the creditors voted for the restructuring plan, odd choice.
They don't "need to sell enough of the company to pay 30% of their debts", creditors and court don't care how KTM come up with the money as long as they have it by the end of May.
The relevant question for me is not "why nobody wants the machines?" but "why did they keep their production objectives rising so much when the sales volume were on a plateau and they had already been overproducing the year before?"
About reliability and reputation, the 790 saga has nothing to do with China (nor India), pre-MY 2023 790 bikes and engines were all made in Austria plus I haven't seen anything suggesting more issues with the bikes actually made in China and India than those made in Austria. And for the bikes dear to the heart of the Vital crowd, there is no chance for the high end MX and Enduro bikes production to be shifted overseas, mostly for "prestige" and marketing.
Cool vid and kudos for including sources at the end (which is pretty rare).
That's a mainly street like channel so some of the issues he was talking about about were more on the street side. The early 790s and 390s left a bad taste with the street guys that I don't think they got over, now this restructuring raises more questions about the brand.
I think his point is that they aren't out of the woods yet.
Good video. Going by the overwhelming number of negative comments in the comment section and the fact that KTM needs to sell a lot of bikes quick, I'd say they are far from being out of the woods. Wonder how long this credit lifeline will carry them?
Pit Row
There is. Your attitude and demeanor here are as negative as I've seen. There's some interesting folks on here, but you are the most acerbic, negative, attacking person I've seen. I don't know if you read your own posts, or if you are a keyboard warrior, or you are here to stir shit, or if you are just bitter at the world. Most of your posts just piss me off, and after a beer or 3 I respond. Maybe you are really cool in person, but I just can't see that from what you present here.
I ain't gonna blow my own horn. I try to do good for people, and I have for quite a few on Vital. Here's a story: my wife, son, and I went to Glendale a couple years ago. We were having fun, sitting in our seats, loving the racing. I was on Vital commenting on the race feed. The guy behind me all of a sudden grabs my shoulder and says "are you Hammer 663"? I said yes. And the guy below us said "No shit! You recommended this section for the best view and it is great!" and ANOTHER guy nearby heard us and came over to say hello. My wife was just blown away - she thought we were all mental. This has happened at tracks, airports, and hotels when we go to races and now my wife and son are used to it. Vital is a great community and can be a huge force for good if we let it, and that's the role I want to fill. It's opened some doors to me that I'd never expected and I appreciate it.
You can be better. It's up to you.
I'm with Hammer on this....... Never met the man, nor his family. However, I'd be more than happy to buy he and his family gate passes and dinner just to say I made another moto family friend. Solid post Hammer.....SOLID. Wish you, and yours, the best. Maybe we can run into each other some day at a race..... Dinner is on us.
If you are participating in the finical markets and have an understanding that goes well beyond blindly contributing to a 401K / IRA… you will find MXaddic’s comments to be of interest. And participating does not mean you purchase $1,000 dollars worth of a stock. A participant is at a min making $100,000 purchases at a time min.
He took the effort to understand who the market maker for the KTM stock is.
I do not think 99% of you know there is a market maker involved and the role they play in the stock as it trades.
And a bunch of you attacked him – and he stood up for himself. I ll bet he knows more about the markets then 99.99% of the folks on here.
Just try being nice… not attacking. If you disagree simply state you disagree and why. Don’t attack. And that IS EXACTLY what some of you do.
It is crazy when your imaginary Internet friends collide with your real world. 😂👍
My kid meets his Mx bikes buddies at races. Hangtown this weekend, Las Vegas before that. I think it’s cool but I usually get along at some level with anyone moto anyway.
middle eastern sovereign wealth fund or geely (china)
If you did take financial advice from him (stock price over $10$ is not sustainable, stock price is going to 0...), credit where credit is due, indeed he saved you from doubling or tripling your money.
All while saying to folks who disagreed with him that they were ignorant and don't understand how this works.
That is a monumental performance, even by his own standard.
The most ridiculously laughable aspect in all this is that he has zero accountability for all his bad takes, he doesn't own anything he writes. That's why he has no credibility.
He could follow the advice that an arrogant self-righteous pompous user once wrote on this board: "Now might be a good time to stand behind your post and admit you are wrong to all of us or you can continue to be the most prominent hypocrite on vital."
So about contingency. We start our local series this weekend and it was asked on a FB post about KTM contingency and it was ghosted. Guessing that’s not a good sign. It sucks because between my kid and I contingency does help the race budget. The press release in 2024 said 7 mil in contingency. 2025 says 6 mil. and the only events listed so far are pro events and big races including LL. In my opinion KTM knew/knows they’re not paying out local racing events. They had two options, be upfront and tell people “hey we just can’t afford it this year so we’ll take a one year break and reassess” or just let it go and people could assume because of the contingency press release it’d be available and still go buy a bike to race which of course they need. I’ve owned a bunch of Austrian bikes for a long time now but there’s been more than a few business decisions that are flat out unethical and have left a bad taste in my mouth. I’m at the point now I’d be hard pressed to buy another. As a business owner I’m upfront and honest with my customers even when it hurt my bottom line. I expect the same from a company when I spend my money also.
The new Bajaj factory edition looks sweet..
I did not have much KTM contingency last year as I was injured Most of the summer, but I did an NESC race in the fall series, it paid KTM contingency…. I never received the $ in my account, I made sure NESC”s had me listed correctly on their results sheet…they did… I sent an email to KtM contingency coordinator, Within a few days they responded and credited my account…..I”m sure they had much more pressing issues but that had never happened to me before with contingency…..failing to keep up with contingency monies will certainly kill their sales moving forward….
It's a homemade Thai underbone...
a popular bike to race...
Carson Brown should give it a try.
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