Pierer Mobility is insolvent and has given away 11,000 e-bikes
Pierer Mobility, the parent company of motorcycle manufacturer KTM, has filed for insolvency, which also applies to its e-bike brands Husqvarna, GasGas and Felt. Pierer has given away 11,000 e-bikes to employees in order to reduce excess stocks. KTM Fahrrad GmbH, which produces bicycles and e-bikes under the KTM brand, is not affected by the crisis.
28.11.2024