KTM's parent company, Pierer AG, is in deep financial trouble as it blames economic conditions for its failings. But things are so bad, its latest financial release hints its possibly looking to sell a majority stake in the company.

cross-posted from: https://fedia.io/m/micromobility@lemmy.world/t/1435997

KTM’s parent company, Pierer AG, is in deep financial trouble as it blames economic conditions for its failings. But things are so bad, its latest financial release hints its possibly looking to sell a majority stake in the company.

  • M33@lemmy.sdf.org
    3·
    10 hours ago

    Expensive bikes, many riders pushing them very hard and poor maintenance is a perfect receipe for failure as a brand.