KTM financial woes

[SaferRides]

They are in deeper shit than I realized. This is a detailed but lengthy summary: https://motomatters.com/news/2024/11/26/ktm_announce_restructuring_proceedings.html

Sounds like they will survive in some form. Could be a good time to buy?

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[1/32 man]

A mate was wondering why he has recently scored a great deal on an MV Agusta here in Aotearoa....He was worried about post purchase service and parts availability.

There is a mass of unsold stock on showrrom floors around the globe with an uncertain future.

A knowledgeable mate described the dealership model KTM use and it sounded pretty harsh and hardnosed to me.
I am hoping for the best outcome for local (NZ) outlets for their products.

Doesn't KTM include Husqvarna, CF Moto, GasGas, MV Agusta ?

[SaferRides]

KTM is sitting on about €1 billion of unsold matorcycles at present. That is about half their current revenue, which gives some idea of the scale of their problems. No one will be expecting to pay list for a new KTM!



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[SaferRides]

Doesn't KTM include Husqvarna, CF Moto, GasGas, MV Agusta ?
All except CFMoto who are a Chinese company and make the KTM 790 motor. Not sure whether they also build the 790 Duke and Adventure?



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[HenryDorsetCase]

I saw today MV Agusta is being let go. I hope the company survives

[pritch]

Dealerships in Britain are closing in numbers. I don't know how the Asian markets are doing but it does seem everybody else is in trouble. And it's not just motorcycles. The algorithms are sending me all manner of dire warnings.

[R650R]

Dealerships in Britain are closing in numbers. I don't know how the Asian markets are doing but it does seem everybody else is in trouble. And it's not just motorcycles. The algorithms are sending me all manner of dire warnings.

The Platform just did an interview with a petrol station owner that has been told to get there loans repaid by 2030 as from that date BNZ won’t be lending to fossil fuel businesses.

Doom and gloom is a hot commodity thankfully much of it never comes to pass.

[R650R]

All except CFMoto who are a Chinese company and make the KTM 790 motor. Not sure whether they also build the 790 Duke and Adventure?



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If it’s anything like the VW deal they’re probably a connection.

“Building a factory in China, instead of converting existing factories, has big advantages for Volkswagen. Starting in the 1980s when China began opening to foreign automotive investment, Beijing has required that foreign automakers assemble gasoline-powered cars in China through joint ventures with its state-owned automakers, and share management control. Volkswagen owns 40 percent of one of its joint ventures, with First Auto Works, and 50 percent of the other, with Shanghai Automotive.

But Beijing has exempted electric car production from the joint venture rule. Volkswagen owns 75 percent of its electric car manufacturing operation in Hefei — a local partner owns the rest — and VW fully owns its new engineering center in the city. It has full managerial control of both. ”

[pritch]

The Platform just did an interview with a petrol station owner that has been told to get there loans repaid by 2030 as from that date BNZ won’t be lending to fossil fuel businesses.

Doom and gloom is a hot commodity thankfully much of it never comes to pass.

That was on the news this week. Not from the perspective of one owner, just the announcement of the new policy.

[Grumph]

The Platform just did an interview with a petrol station owner that has been told to get there loans repaid by 2030 as from that date BNZ won’t be lending to fossil fuel businesses.

Doom and gloom is a hot commodity thankfully much of it never comes to pass.

Might have something to do with the current urgent build programme in East ChCh.

One self serve just opened and another about 2.5km away under construction.
One was an old servo site reduced to doing dodgy wof's - the other again an ex servo selling fruit and veg.
Gull/Waitomo/NPD seeing a gap in the market and filling it quickly while they can afford expansion.

[SaferRides]

Dealerships in Britain are closing in numbers. I don't know how the Asian markets are doing but it does seem everybody else is in trouble. And it's not just motorcycles. The algorithms are sending me all manner of dire warnings.Also, the top selling motorbike in the UK is the new Triumph 400 and in general, people are buying smaller bikes.

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[pritch]

First item I see this morning is about new car dealerships in the USA. Nothing is moving, they are laying off staff and refusing new vehicle allocations. The yards are full.

[pete376403]

First item I see this morning is about new car dealerships in the USA. Nothing is moving, they are laying off staff and refusing new vehicle allocations. The yards are full.

That would be understandable- people are waiting to see what effect trumpenomics will have on their income and costs.

[BMWST?]

I think there are going to be some big economic events and socio economic hits coming for the manufacturing giants of europe and maybe US. ie In the UK several car manufacturers are in a situation where they may have to pay very large penalties to the UK government because they are short of the 22 percent ZEV vehicle sales target.Next year is s 28 percent VW and Ford are way behind target in actual numbers. The fine is 15000 pounds for each vehicle they are short of the target.

[SaferRides]

The latest is that the restructuring plan includes an exit from MotoGP, Moto2 and Moto3, but KTM management continue to say that the racing programme will keep going.

Maybe Red Bull will come to the rescue?

https://motomatters.com/news/2024/12/20/ktm_deny_plan_to_pull_out_of_motogp.html

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[Grumph]

I see there's talk in an area I know little about. Hard Enduro. The organisation which runs that championship is a wholly owned subsidiary of KTM.
Allegedly corrupt and run as a KTM promo racket.

General opinion seems to be to let it burn and build something better from the ashes.

KTM's problems seem to have wider ramifications than first appearances suggested.

[BMWST?]

The latest is that the restructuring plan includes an exit from MotoGP, Moto2 and Moto3, but KTM management continue to say that the racing programme will keep going.

Maybe Red Bull will come to the rescue?

https://motomatters.com/news/2024/12/20/ktm_deny_plan_to_pull_out_of_motogp.html

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Red Bull has some spare dosh now that MM has relinquished his Red Bull sponsorship

[SaferRides]

Red Bull has some spare dosh now that MM has relinquished his Red Bull sponsorshipCompared to what Red Bull spend on their F1 teams, keeping KTM going will be small change. But they may not want to pay for Moto2 and Moto3 as well.

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[nerrrd]

Compared to what Red Bull spend on their F1 teams, keeping KTM going will be small change. But they may not want to pay for Moto2 and Moto3 as well.

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Those formula 1 types do have a lot of money…

Lewis Hamilton might invest in KTM racing (https://www.planetf1.com/news/lewis-hamilton-talks-with-ktm-3-billion-debt)

[SaferRides]

Looks like KTM will survive with Bajaj holding majority ownership

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