Pierer mobility Archives - ADV Pulse

KTM Forced To Halt Production Once Again

Jamie Elvidge — Mon, 28 Apr 2025 19:53:15 +0000

It’s déjà vu in Mattighofen, Austria, where KTM has once again shut down its production lines, this time until at least the end of July. The official reason? A lack of parts. But more specifically, there’s not enough cash to pay for parts. Workers learned of the production shutdown last Thursday via a video message […]

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KTM To Resume Production After Creditors Approve Restructuring Plan

Jamie Elvidge — Wed, 26 Feb 2025 19:56:28 +0000

KTM’s dance with financial peril appears to be winding down after a simple majority of creditors (more than 50 percent of entities holding at least 50 percent of total claims) approved a restructuring plan presented by its parent company, Pierer Mobility. The plan involves a one-time cash payout equaling 30 percent of each approved creditor’s […]

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Major Creditor Clashes With KTM Ahead Of Crucial Restructuring Vote

Jamie Elvidge — Mon, 10 Feb 2025 21:36:47 +0000

KTM AG is facing pushback from a major U.S. creditor as it heads toward a crucial debt restructuring vote on February 25th. The issue centers on American hedge fund Whitebox Advisors LLC, which holds KTM’s Schuldschein promissory notes and has accused the Austrian manufacturer of using “delaying tactics” to avoid negotiations over its alternative proposal. […]

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Stefan Pierer Steps Down As KTM CEO, Creditors File €2.2B In Claims

Jamie Elvidge — Fri, 24 Jan 2025 22:05:27 +0000

KTM’s financial troubles continue to manifest as CEO Stefan Pierer, who spent three decades transforming the company from a modestly successful European brand into the global manufacturing powerhouse we know today, steps down. His departure underscores the gravity of challenges facing KTM’s parent company, Pierer Mobility Group, which is currently navigating a court-supervised restructuring process. […]

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KTM To Sell Majority Stake In MV Agusta, MotoGP Withdrawal Planned

Jamie Elvidge — Tue, 24 Dec 2024 20:32:29 +0000

The saga of KTM and its parent company Pierer Mobility Group’s financial troubles continues, with official filings by Austria’s judiciary confirming that the once seemingly unstoppable Orange brand has put its 50.1 percent controlling stake in MV Agusta up for sale. Separately, AKV Europa, the organization representing KTM’s creditors, has released a summary from its […]

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KTM Seeks Major Cash Boost, Temporary Production Freeze Coming

Jamie Elvidge — Mon, 18 Nov 2024 19:21:24 +0000

KTM is in troubled waters, the depth of which was only hinted at when parent company Pierer Mobility Group released alarming mid-year financial reporting over the summer, which was accompanied by seemingly appropriate plans for major restructuring, including significant production cuts and the appointment of a “co-CEO” with a finance background. The company’s more recent […]

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KTM Addresses Financial Losses, Quality Issues & Plans For Redemption

Jamie Elvidge — Thu, 12 Sep 2024 19:16:55 +0000

After years of impressive gains, KTM and its parent company Pierer Mobility AG, which also owns Husqvarna, GasGas and a majority stake in MV Agusta, is in damage control mode after mid-year financial reporting revealed sharp declines in profitability. In a recent news release the company acknowledged that its motorcycle sales had fallen by 27 […]

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KTM Takes Majority Control Of MV Agusta

ADV Pulse Staff — Tue, 19 Mar 2024 20:24:08 +0000

Pierer Mobility AG, KTM’s parent company, continues its expansion spree by taking over yet another brand. In an investor’s report, the Austrian group announced it has acquired a 50.1 percent stake of MV Agusta, officially gaining majority control over the storied Italian motorcycle brand. The strategic moves that culminated in this acquisition have been playing […]

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Pierer Mobility Cuts European Jobs And Expands Asian Operations

Jamie Elvidge — Mon, 11 Dec 2023 18:24:43 +0000

Pierer Mobility Group, which holds KTM, GasGas and Husqvarna as assets, has had a very successful run of late, setting sales records for 2022 while expanding its reign as one of Europe’s leading motorcycle manufacturers by adding a major stake in MV Augusta to its stable. It’s also been busy deepening ties with foreign partners […]

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KTM Prepared to Scrap MV Agusta’s Lucky Explorer ADV Bikes?

Jamie Elvidge — Mon, 22 May 2023 18:02:33 +0000

Just when you think Austria’s mega manufacturer Pierer Mobility Group is going to keep KTMizing brands it acquires — as we’ve seen with its restructuring of Husqvarna and GasGas — it appears the forces running the KTM-faced conglomerate realize there can, indeed, be too much of a good thing. The case in point being Pierer’s […]

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