Jason Voorhees
π―ππ― ππππ π΅πππππ
- Joined
- May 15, 2020
- Posts
- 58,996
- Reputation
- 164,395
To those that don't know. This is KTM it is Austrian heritage brand known for making insanely fast yet affordable machines. You can think of it as the McLaren of the bike world. Not cheapest but packs a ton of punch for their price. I also love the brand's design philosophy and devil may care attitude towards their bikes. Pumping out bikes with insane power for cheap but it is now in deep trouble. Around 265,000 bikes are just sitting in showrooms, gathering dust.
The reason? Their new Jewish CEO tried to cut costs by using cheaper camshafts, which led to a bunch of accidents. To make things worse KTM refused to cover the damages under warranty and instead gaslit the owners. This completely destroyed their reputation from being known as the orange mean machines to unreliable and unsafe junk boxes. Even though they eventually fixed the issue, the damage was already done.
Now, KTMβs factory in Austria has laid off over 1,000 workers, and they haven't made a single bike since November. On top of that, theyβre drowning in β¬800 million debt. To stay afloat, KTM is selling 80% of the company, and the likely buyer is Bajaj, the Indian motorcycle giant.
Bajaj already owns 49% of KTM but is mostly known for making cheap commuter bikes
If the deal goes through, KTMβs entire production (and superbike patents) will move to India. Similar to what happened with British Brand Royal Enfield. That means we could soon see dirt-cheap Indian superbikes under $5,000 but if that happens, Indian roads are about to get 10x more dangerous than they already are. Pajeets are about to go flying in the air
The reason? Their new Jewish CEO tried to cut costs by using cheaper camshafts, which led to a bunch of accidents. To make things worse KTM refused to cover the damages under warranty and instead gaslit the owners. This completely destroyed their reputation from being known as the orange mean machines to unreliable and unsafe junk boxes. Even though they eventually fixed the issue, the damage was already done.
Now, KTMβs factory in Austria has laid off over 1,000 workers, and they haven't made a single bike since November. On top of that, theyβre drowning in β¬800 million debt. To stay afloat, KTM is selling 80% of the company, and the likely buyer is Bajaj, the Indian motorcycle giant.
Bajaj already owns 49% of KTM but is mostly known for making cheap commuter bikes
If the deal goes through, KTMβs entire production (and superbike patents) will move to India. Similar to what happened with British Brand Royal Enfield. That means we could soon see dirt-cheap Indian superbikes under $5,000 but if that happens, Indian roads are about to get 10x more dangerous than they already are. Pajeets are about to go flying in the air
Last edited:
