In Bulgaria, they wanted to increase their own e-bike production together with a partner was nothing left of these plans. After the bankruptcy of motorcycle manufacturers KTM, the Pierer Group comes from the bicycle company, which cost the company hundreds of million euros in a short time.
“The bicycle company is clearly one of the reasons why this difficult financial situation took place. Here, losses have been funded by the 400 million euros in the last two years. This has led to an enormous drainage.” KTM-AG and Pierer-Mobility-AG CEO Gottfried NeUmister had tackled the problems caused by e-bike engagement during the extraordinary general meeting of Pierer Mobility AG.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
