‘Now we are taking a pit stop for the future’ – Stefan Pierer. Image: Supplied. KTM AG has outlined plans to enter a self-administration procedure that will see the Austrian company undertake major restructuring over the next three months, aiming to ‘ensure a robust future’ amid immense financial difficulties. Longtime CEO Stefan Pierer and co-CEO … Read more
KTM / PIERER Mobility AG November 27 Update Firstly, if you are not aware of any of the background of how it came to this for KTM, I suggest you read this piece I wrote early in October. Since then things seem to have worsened quite markedly as KTM management drilled down into things further. … Read more
There’s been a lot of talk about Pierer AG’s money problems over the past few weeks, with some speculating that the Austrian owner of KTM, Husqvarna, GasGas and MV Agusta will go bust. Or (this is far more likely), be bought out by their Indian partners at Bajaj. As it turns out, neither of those … Read more