GasGas, New Investors

gasgasman

gasgasman

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http://www.enduromagazine.com/ktm-y-black-toro-capital-crean-una-joint-venture-para-reactivar-gas-gas/?fbclid=IwAR2calafJsJki2PoAX3tIuMr3PcTO-Iw8gydEuiYOqFPxZW58nUn0w2tulo

From Google translate.

KTM and Black Toro Capital create a ?joint venture? to reactivate Gas Gas

The KTM group and Black Toro Capital (BTC) have agreed to create a ?joint venture? for the global launch of the Gas Gas brand, which will allow the production of the Salt (Girona) plant to be expanded. As reported by the investment fund in a statement, the Salt factory will continue, additionally, serving the production of the Torrot electric vehicle. Specifically, KTM has a 60% stake in the new company, while the remaining 40% corresponds to Black Toro, sources close to the fund have reported.
This alliance aims to launch Gas Gas internationally with the development of new models. The collaboration will involve the expansion of the brand catalog under the commercial and technological umbrella of KTM. KTM will also take advantage of the knowledge of the BTC, Gas Gas, Torrot and Muving firms in the electric urban mobility segment.
?It is a great step forward in our Gas Gas consolidation project as a world leader in trial. It allows us to develop a new phase of growth for GasGas, incorporating new motorcycle models with cutting-edge technology and everything, with the best possible partner. The ?joint venture? guarantees a bright future for our brand and for the Girona plant, ?said Ram?n Betolaza, managing partner of BTC.
Source: El Peri?cico
 
Well, its official. KTM has invested into GasGas with Black Toro Capital to separate it from the Contreras management and to get production back running again 100%. There were a couple of offers on the table and while it took a bit longer than expected to finalize the agreement, it has now been announced as a completed deal. This is a COOPERATION between Black Toro and KTM, not an acquisition. What does this mean for GasGas?

#1. GasGas production will remain in Girona with a Spanish style and trials feel to all they produce
#2. GasGas will continue as a separate entity in most regions of the world
#3. GasGas and KTM will share some designs and model development moving forward (more model lines for GasGas).
#4. GasGas parts supply will be improved in time

What does this mean for the USA?

#1. It is still business as usual
#2. All operations will continue as is with units estimated at arrival in December

As I know more, I will continue to inform everyone when I can but to me this is good news for GasGas to move forward and get back to our growth we were experiencing in 2018 and the first half of 2019.
 
I really hope those slimy Austrians do not weasel their way into the company and turn GasGas into another clone but this time in red.
It will be the greatest shame if they revert back to Wp suspension and a poxy TPI upgrade...
 
I hope for the best, but personally think we are going to end up with another KTM. What happened to Husaberg, Husqvarna? KTM just bout in to the trials market.
 
I'm very sad right now. :( While I'll continue to enjoy my '11 GG, I will be seriously considering Beta and Sherco for my next bike. I don't want a red KTM. Besides, I don't see the enduro line living for much longer. They have a 60% stake so that means they're calling the shots. They already have KTM and Husqvarna so they don't need GG for anything other than trials bikes.
 
SS109 said:
I'm very sad right now. :( While I'll continue to enjoy my '11 GG, I will be seriously considering Beta and Sherco for my next bike. I don't want a red KTM. Besides, I don't see the enduro line living for much longer. They have a 60% stake so that means they're calling the shots. They already have KTM and Husqvarna so they don't need GG for anything other than trials bikes.
Click to expand...

Being one of this above mentioned slimey Austrians I hate to say it, but KTM management are unbelieveable slimey bastards. Not sayin' anything negative about their bikes, just the people behind the brand.

Biggest bike dealer in Austria is a close friend so I have some insight and believe me, these people are f***ing bastards. Remember what happened to Husaberg and Husqvarna. Not a bright future for GasGas...:mad:
 
Mark, thanks for the update. There are many of us who are thankful for your support over the years as well as the support of the team we do not see. For us, this is about dirt bikes. For you it is about a livelihood...and dirt bikes. You have families, health insurance etc etc. I hope and pray you will all be take care of.

Matt

Sent from my SM-G960U using Tapatalk
 
hadfield4wd said:
Mark, thanks for the update. There are many of us who are thankful for your support over the years as well as the support of the team we do not see. For us, this is about dirt bikes. For you it is about a livelihood...and dirt bikes. You have families, health insurance etc etc. I hope and pray you will all be take care of.

Matt
Click to expand...

Well said!
 
No I think Gas Gas enduro is ded. And for a short time they will use GasGas and KTM brand on trail bike. Then after some years they will take away GasGas brand and become KTM trial bikes. I now how it works I have been working at Compaq. It cost a lot to keep up a brand name.
 
Doc Brown said:
Being one of this above mentioned slimey Austrians I hate to say it, but KTM management are unbelieveable slimey bastards. Not sayin' anything negative about their bikes, just the people behind the brand.

Biggest bike dealer in Austria is a close friend so I have some insight and believe me, these people are f***ing bastards. Remember what happened to Husaberg and Husqvarna. Not a bright future for GasGas...:mad:
Click to expand...

I meant no offence to you or fellow Austrians. I just have a severe distaste for Ktm and their business tactics. I know the guy who basically put Ktm in Australia back when they were no one and they basically slit his throat when it was not in there best interest.
I can not see nice things happening with this. But I am sceptical. Maybe I can be surprised...
 
KTM is starting to remind me of the Borg.

I too think this will be the end of GasGas as a unique bike. Red KTM likely will be the future. :(
 
Speculation

Nobody has probably ran more scenarios in their head more than me in the last month when i was told KTM was now one of the possible investor choices.

I believe Mr Pierer looks to the Chevrolet Group formula as his business model, meaning multiple lines for more coverage and options for the consumer. If a certain line doesn't gain enough traction, then he shuts it down (aka Husaberg).

GasGas has a REAL potential now to gain traction, it has a passionate following and a stronger name than Husaberg.

Lets face it, the decisions made by 2 different managers of GasGas (neither of which had any experience in powersports industry) in the last 8 years makes my head hurt and my stomach ache. Dakar? Twice? Last time on KTM's painted red? 1 million per trip to Dakar? A 2012 Enduro model that should have been scrapped immediately and gone back to the 2011 model until they had the design working properly. Signing 2 high profile pro trials ridersin 2018 instead of one, in an area already over run with too manufacturers fighting for the same small market. Outsourcing the enduro race efforts for high dollars and signing Nambotin, Barragan, Aubert, and McCanney? Why so many big names, sign one big name and get back to the roots of your two stroke which is the young new riders coming up? I could go on and on, but despite their claims of listening to their markets, they did what they wanted to do.

Pierer is aggressive and not afraid to take chances. He owns majority of KTM, 100% of Husqvarna, WP suspension, a MAJOR Radiator company that not only sells radiators back to Husky, KTM and other MC's but to Volkswagon and many Euro Car manufacturers plus 25% of redbull and many, many other projects.

While i haven't seen or been told about the COMPLETE details of the collaboration and i don't know what this will mean for my team of employee's who i love dearly (they work hard for GasGas) and what we have been trying to do in the last 3 years without much support from Spain. I think this backing/cooperation brings a stability much needed, brings a direction of focus which is much needed. GasGas now has a legitimate chance to be one of those brands under the umbrella of the group. I hope GasGas becomes the Chevrolet Buick, but it is up the consumer, the dealer and most importantly the factory in Spain to get their act together and NOT blow this opportunity, or yes, Pierer might scrap it in 3 years.

Lets give it a chance, not run away just yet and support the change, because as much as i don't want to say it...it was needed or GasGas (after the last management) would be gone already. We have done all we can the last 8 months to keep things moving forward with the image that things will be ok. Well, here is our chance to prove that everything......will be ok.
 
Thanks Mark for your insight. I truly hope myself and others are wrong for you and your crew's sake and for us GG riders. I will try hard to have a wait and see approach.

That said, I was planning on purchasing a new bike (GG of course) within the next year. However, now I'm scared to buy a new GG as I don't know where the company is going. KTM really needs to assure us GG owners that they aren't going to just up and kill the brand or I don't see many people making the investment in purchasing new bikes.
 
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