Things aren't as good as they once were. At least, that's the case for KTM's parent company Pierer Mobility AG.
After years of growth, much of which was spurned on by the need to be outside during the COVID-19 pandemic, high interest rates and some economic chaos throughout the world has led to a serious decrease in sales. And that's led the group to take some serious measures to course-correct, which includes cutting part of its workforce, bigger incentives, and moving more of its production to China and India.
