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KTM Is Doing So Badly, It's Probably Going to Be Sold (www.rideapart.com)

submitted 7 months ago by blindbunny@lemmy.ml to c/motorcycles@lemmy.world

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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.

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[–] M33@lemmy.sdf.org 3 points 6 months ago (1 children)

That’s sad

[–] LowtierComputer@lemmy.world 3 points 6 months ago

It is. And I feel bad for him. He's a good dude who's just trying to have fun with what little he makes.