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The Latest Breaking News from Pierer Mobility AG

KTM Is Restructuring and Laying off 500 More Employees, Mostly in Management

After Bajaj AG took control of Pierer Mobility AG, its first plan of action was to cut costs. Now, the layoffs are coming thick and heavy, along with restructuring.

RideApart

KTM Officially Has A New Owner Now, After This Company Just Took Control

It's been in the works for months now, but the Is are dotted, the Ts are crossed, and two former subsidiaries now have completely new names.

RideApart

KTM's Parent Company Says It's Changing Names, Which Is Unsurprising

Pierer Mobility AG is the parent company of KTM, or it was. But in light of the company's new majority stakeholder, it's about to shoot up the alphabet.

RideApart

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KTM Parent Company Is Bringing New Blood Into Its Board, Unsurprisingly

After Bajaj Auto swooped in and saved KTM parent Pierer Mobility AG from itself, it was clear that changes were in order. By the end of June, new board members are joining.

RideApart

KTM Says It's Been Saved Again, Only Had a Few Days Left

In an official notification to investors, KTM's parent company confirmed that it now has the money it needs to save itself by the deadline. Where did it come from?

RideApart

KTM Might Have Just Been Saved, Again

It really feels like KTM just can’t catch a break. Just when it looked like the Austrian motorcycle maker had weathered the worst of its financial woes, it’s back in the headlines—and not in the way fans would hope.

RideApart

KTM Finally Kicks CEO Out, But There's a Massive Catch

Honestly, I would've thought Stefan Pierer, KTM's CEO and then Co-CEO, would've been ousted months ago. The turmoil behind the scenes all-but ensured he'd leave. I mean, there's the brand's insolvency, it leaving numerous motorsports championships, the countless layoffs, the closing of businesses he acquired, the constant bullshit PR spin…

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KTM's creditors approve restructuring plan as company's future is secured

KTM’s creditors have approved the company’s restructuring plan following a vote at the regional court in Ried im Innkreis in Upper Austria on Tuesday.

Autosport

KTM Creditor Accusing Brand Of Rail-Roading Restructuring, Could Cause Collapse

If you haven't been following along as we cover KTM's current predicament, where have you been? For the uninitiated, KTM essentially screwed itself a couple years back, as Pierer Mobility AG—the company's parent company—went on a spending spree that'd make a lottery winner blush.

RideApart

Here's What KTM Told Its Dealer Network About the Company's Future

Following the January 24 developments in KTM's restructuring process, KTM North America naturally wanted to assuage the concerns of its dealer network. So it sent a letter to dealers informing them of the updates learned at that most recent hearing, as well as underlining its plans to support its dealer…

RideApart

Stefan Pierer steps aside as KTM chief ahead of crucial court hearing

Pierer Mobility AG has announced that Stefan Pierer has stepped down as the CEO of Austrian two-wheel manufacturer KTM.

Motorsport

KTM CEO Stefan Pierer Is Out, Sort Of

If you haven't been paying attention to current motorcycle industry events for the past few months, you might not know that KTM's been having a rough time of it lately. But if you're reading RideApart, then chances are excellent that you're well aware of the company's numerous struggles.

RideApart

[UPDATED] The Motorcycle Industry Will Be Seriously Affected By KTM's Insolvency, Here's Why

[UPDATE, January 13, 2025: As AKV predicted would happen in a previous communication with RideApart, two more Pierer Mobility subsidiaries have now declared insolvency in Austria. They are: Avocodo GmbH and Pierer E-Commerce GmbH. Avocodo is mainly responsible for software services, including dealer and customer portal and website operation and maintenance.…

RideApart

Three Investors Show Interest In KTM, and You Know Two of Them Already

We've been told since we were kids that three is a magic number. Will it work out that way for KTM, though?The report from its restructuring administrator, Alpenländischer Kreditorenverband Europa (AKV), contains a number of important details. While we've primarily been talking about KTM AG (the motorcycle manufacturer), they're one of…

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Autosport

KTM's insolvency administrator puts shares of MV Agusta on sale

An insolvency administrator has put KTM's shares in MV Agusta up for sale, as the Austrian auto giant continues to reel in from a financial crisis.

RideApart

KTM Is Nearly Bankrupt, Files to Save the Company From Insolvency

Times are tough for KTM's parent company Pierer Mobility AG. Though it has some of the best motorcycles around, one of which I still dream about and peruse the classifieds for on a weekly basis, the brand's market share has essentially dropped off a cliff in recent years. There are obvious…

RideApart

KTM Is Doing So Badly, It's Probably Going to Be Sold

KTM has been in trouble for a while now. But in its most recent financial statements, it seemed as if with a little restructuring, more layoffs, and a few changes to its lineup, things would likely even out in the next year or so. Sure, it'd be rocky ahead, but…

RideApart

KTM's Parent Company Is In Deep Trouble, Cuts Board and Revenue Forecasts

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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RideApart

MV Agusta Won't Share Engines With KTM, Says New President

MV Agusta's new president and CEO recently talked about what the company needs to do to move forward now that it's part of Pierer Mobility AG, including MotoGP.

RideApart

KTM's Parent Company Isn't Doing Hot, Shifting More Production to China and India

Pierer Mobility AG is cutting a number of jobs, as well as moving more production to China and India, as the market cools after years of being hot.

RideApart

KTM Parent Company Says It's Taking Over MV Agusta

KTM's parent company, Pierer Mobility AG, announced plans to take a controlling stake in MV Agusta as soon as spring 2024 instead of waiting two more years.

RideApart

Speed Reads: Watch A Trials Rider Roar Through The Honda Collection Hall

Honda set a professional trials rider loose in Honda Collection Hall to show off the collection; MV Agusta opens new production line; Dorna for sale & more.

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