Pierer Mobility AG Archives

KTM Parent Company Pierer Mobility will Axe 200 more Jobs

We reported in July that Pierer Mobility – the parent company for KTM, Husqvarna, GasGas and WP Suspension, besides 50.1% owner of MV Agusta – is set to cut jobs. However, the company did not specifiy the number of employees who will lose their jobs.

Now, it has been reported that 200 employees will be axed in the third quarter of 2024. These poor souls are the latest addition to the 373 who were already let go since the start of 2024.

Pierer Mobility is also planning to decrease their Austrian manufacturing quota by 25%, besides focusing on higher manufacturing numbers in India and China. Additionally, they are planning to reduce their sporting activities.

These plans follow lacklustre sales which has since seen the company’s net debt rise to €1.469 billion (RM7.21 billion). They had earlier confirmed that performance in the first half of 2024 had dropped compared to previous years. Overall sales for 2024 is also expected to drop by 15%.

Currently, Pierer Mobility has a total of 6,024 employees, after adding the 213 resulting from their consolidation with MV Agusta.

KTM Investor Conference Confirms An All-Electric Duke Incoming

Pierer Mobility AG recent investor presentation reveals the company is currently working on an all-electric motorcycle.

Dubbed the KTM E-Duke, the electric motorcycle is similar to Husqvarna’s E-Pilen Concept unveiled in April last year.

According to reports, the KTM E-Duke will share the same powertrain as the E-Pilen, consisting of the 10kW electric motor and a 5.5kWh fixed lithium-ion battery.

The KTM E-Duke will also share the same platform with the E-Pilen, including a similar claimed range of 100km.

However, the presentation also revealed that the KTM E-Duke would not feature a swappable battery pack even though the company had signed the swappable battery consortium with Honda, Piaggio and Yamaha last year.

Meanwhile, the E-Duke is slated for launch in 2023 alongside the E-Pilen.

Nevertheless, while the E-Duke and E-Pilen offer an entirely different design, we expect the two models to feature the same chassis, specifications, and electronic components, just like the Vitpilen/Svartpilen are based on KTM’s Duke range.

(Source: BikeDekho)

KTM sales up by 1.3% compared to 2019? Really?

In a time where almost everyone and everything is hit hard due to COVID-19, seeing a motorcycle manufacturer reporting increased sales figures is both refreshing with a slight hint of suspicion. For the first half of 2020, KTM reported that their sales figures are up by 1.3% compared to the same period in 2019. Really? (more…)

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