Are you just looking at the UK market.....what about the rest of Europe, USA etc
KTM are Toast ?
- Thread starter Arsey
- Start date
Take a chill pill mate. Blimey.
Just his usual cheery and positive disposition coming out
MotoGP, KTM ever more in the red: debt nears 3 billion Euros | GPOne
"This is the largest insolvency proceeding of the year in Austria." The company promises to pay salaries in December but has yet to settle November and also Christmas bonuses.
m.gpone.com
Talk of between 70k and 130k unsold bikes at dealers in this report?
Yes, but if you buy one of them you get 4 years warranty !MotoGP, KTM ever more in the red: debt nears 3 billion Euros | GPOne
"This is the largest insolvency proceeding of the year in Austria." The company promises to pay salaries in December but has yet to settle November and also Christmas bonuses.
Talk of between 70k and 130k unsold bikes at dealers in this report?
MotoGP, KTM ever more in the red: debt nears 3 billion Euros | GPOne
"This is the largest insolvency proceeding of the year in Austria." The company promises to pay salaries in December but has yet to settle November and also Christmas bonuses.
Talk of between 70k and 130k unsold bikes at dealers in this report?
How about let's wait and see. The truth will out at some point and any report that has a claimed accuracy rating of 'between' 70-130,000 bikes at dealers sat idle needs questioning. No, it needs ignoring. Burning. No, shredding and then burning.
I read similar and it ran into the €billions, hence the cash flow positionMotoGP, KTM ever more in the red: debt nears 3 billion Euros | GPOne
"This is the largest insolvency proceeding of the year in Austria." The company promises to pay salaries in December but has yet to settle November and also Christmas bonuses.
Talk of between 70k and 130k unsold bikes at dealers in this report?
However I have just this half-hour bought a load of KTM spares from Premier @ Oxford, so that should ease KTM ‘s cash flow somewhat (as mine has now taken a dent)
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Wait and see ? Wait and bloody see....Christ man, you've been here long enough to know we simply don't do that....we athletically jump to conclusions without facts and allsorts......
Terrifying: KTM AG and subsidiaries face €2.9 billion in debt and over 2,000 creditors
This Friday, KTM filed documentation to initiate insolvency proceedings in an Austrian court, revealing an alarming debt of €2.9 billion.
motorcyclesports.net
Same here, popped in yesterday to get a top end kit for my FE350, and a few other bits I "might" need in future, I don't think long term service items will be hit at all, I can still get those for my 1998 TZR250.
But short term I suspect there may be interuptions to flow of spares, and they may well bankrupt some of their suppliers and it could take a while for another supplier to start making the bits - this is the really sad part, yes, KTM will survive as a name / brand, but there will be a lot of people losing their jobs and businesses of the back of this.
Plenty of spare will be avalable when they flog all the worthless 130,000 new bikes in dealers for pennies in the pound for breaking - I plan to be the David Silver of KTM at that point ;-)
KTM pulling out of the MV Agusta partnership - they had taken 50.1% but looks like they are handing it over to management
www.paddock-gp.com
Street, BREAKING NEWS: KTM drops MV Agusta "which is no longer considered a strategic asset" - Paddock GP
After years of collaboration, KTM has decided to cut ties with MV Agusta. It must be said that KTM must first save itself.
www.paddock-gp.com
I’ve read bike and mcn. Not a word about the KTM crisis. I know they have form for it but as the alleged premier organs of the bike world you would think that they were more informed. I’m presuming they don’t know. Perish the thought that they would sit on such news and not report on it. There was an article in bike about not renewing some contract for off road stuff but nothing on the front pages. JJH
https://www.motorcyclenews.com/news/2024/december/ktm-and-sweet-lamb-closure/ is the most recent story and there is a link to the November article about entering administration.
Bike has a much longer lead time for articles so current issues on the shelf may predate the debacle.
Bike has a much longer lead time for articles so current issues on the shelf may predate the debacle.
https://www.motorcyclenews.com/news/2024/december/ktm-and-sweet-lamb-closure/ is the most recent story and there is a link to the November article about entering administration.
Bike has a much longer lead time for articles so current issues on the shelf may predate the debacle.
Another take on KTM.
Tedious old bloke in a shed. He makes The Missenden Flyer appear relevant.
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should be the UKGSer motto
Probably makes a lot of sense but 2 minutes would have done. JJH
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