KTM reports revenue decrease
January 30, 2009
Filed under Features
Austrian manufacturer KTM reported a revenue decrease of 11.5 percent compared to the previous year.
The company also has announced elimination of 300 positions, according to the Austrian Times. The report said the company would lay off 150 workers in its leasing division and 150 core employees by April this year.
Sales in the company’s Sportmotorcycle Division fell 15.5 percent from a year ago due partially to a decline in off-road sales. The company cited decreasing Enduro model sales in the United States as one area affected.
KTM did say its zero emission bike, an Enduro motorcycle, is still planned for production for 2010.