Tough Times For KTM: Losses And Layoffs For Pierer AG
Sep 3, 2024 · Adjustment of guidance for the 2024 financial year. Going more in-depth, KTM says it plans to achieve “significant cost reduction” in Q3 by laying off 200 employees in the overhead area (employees who are not directly related to production; presumably, this …
KTM require multi-million euro investment to remain stable
3 days ago · Pierer Mobility AG, the parent company of KTM, Husqvarna, GasGas, WP Suspension, and owner of 50.1% of MV Agusta have announced that KTM AG will require an investment of at least €100 million to ...
KTM Cutting Production, Seeking Bridge Financing
5 days ago · As of June 30, 2024, the KTM AG Group was responsible for more than 95% of PIERER Mobility AG’s revenue. Ongoing discussions with core shareholder Pierer Bajaj AG and major financial creditors ...
KTM parent company announces job cuts amidst sales slump - Motorcycle News
Sep 3, 2024 · Pierer Mobility – the parent company of KTM, Husqvarna, GasGas and WP Suspension, and 50.1% owner of MV Agusta – have announced further plans to axe jobs in the light of poor sales figures ...
KTM Parent Company Sounds The Financial Alarm
5 days ago · Photo: KTM. ADVrider Staff. 11/13/2024. KTM. 0. Over the past couple of years we have published a few stories about KTM’s financial situation, and its parent company Pierer AG— particularly last year, when Pierer AG moved jobs to Asia and announced other cutbacks. That theme continued this fall. It seems the financial woes continue.
KTM's Parent Company Is In Deep Trouble, Cuts Board and
Oct 22, 2024 · Pierer Mobility AG, the parent company of KTM, GASGAS, MV Agusta and Husqvarna, has announced that not only will it do away with its 2024 revenue projections, but also a handful of executives.
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KTM Announces Potential Plan To Buy Majority Stake In MV Agusta
Oct 26, 2023 · After initially buying into MV Agusta in 2022, KTM now says it is ready to buy a majority stake in the company if the coming months play out as hoped. The news comes from a pre-EICMA press release, as KTM details its future …
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