KTM Slashes 300 Austrian Employees/GasGas and Huskys will be Electric

[Moto7man]

https://www.advrider.com/piere-mobility-cuts-euro-jobs-moves-more-ktm-husky-gasgas-operations-overseas/

Maybe I read this wrong but KTM is cutting 300 Austrian Factory jobs that will go to Asia and selling off FELT and R Raymond Brands to focus on Husky and Gasgas ebikes. It seems like a downsizing shift that KTM has done before(ie Husbaberg). Am I wrong?

Maybe the Gasgas and Husky brands will disappear from the motorcycle market?

 

[(F5)]

They have to pay for the KTM and GasGas MotoGP effort somehow.

Or
"This planned measure will lead to a significant reduction in total assets and thus to a higher equity ratio for the group. The associated negative impact on the company?s cash flow for the 2023 financial year is being consciously accepted."

Whatever that means. . .
KTM - READY TO RACE

 

[Moto7man]

They have to pay for the KTM and GasGas MotoGP effort somehow.

Or
"This planned measure will lead to a significant reduction in total assets and thus to a higher equity ratio for the group. The associated negative impact on the company?s cash flow for the 2023 financial year is being consciously accepted."

Whatever that means. . .
KTM - READY TO RACE

That makes sense.

 

[gasgasman]

I was told, that by moving their manufacturing to China, KTM is saving $2k to $3k per ADV bike.

 

[Moto7man]

I was told, that by moving their manufacturing to China, KTM is saving $2k to $3k per ADV bike.

Wow,that is a lot.

 

[Wbdisco]

I?m sure consumers won?t see that savings.