To say that things haven't been looking great over at KTM for a minute is a bit of an understatement.
Earlier this week, parent company Pierer Mobility released a short notice about restructuring on its investor relations website that spelled out the need to find a "three-digit million" amount of bridge financing (presumably in Euros, though no currency was specified). Since it mentioned ongoing discussions with major shareholder Pierer Bajaj AG, it's reasonable to think that talks of upping its stake in the company, or even buying it out entirely, could be on the table.
But the Pierer Mobility adhoc announcement of November 12, 2024 also stated, "Against the backdrop of a challenging economic environment, an even more far-reaching operational restructuring is being driven forward with the aim of reducing inventories at both KTM AG and the dealer level to an economically sustainable level by significantly reducing production volumes. Furthermore, overheads are also to be significantly reduced once again." The emphasis here is mine, but words are all Pierer's.
