The financial problems of KTM‘s parent company, Pierer Mobility, are no secret and now support is being sought for recovery. After the pandemic crisis, the Pierer Mobility group went through a dark phase in its history, because since then all the problems started to get worse. The last two years have been a big test, despite the fact that the MV Agusta brand was acquired, which joined the parent company, where it coexists with KTM, GasGas and Husqvarna. Despite everything, one of the most important motorcycle manufacturers in the world cannot find a way out of the crisis, and in the last few months 10% of the workforce has been laid off.
There is talk of increasing production in Asia by up to 25%. Thus production in Europe will be reduced and costs will be reduced. Manufacturing in Asia is 30% cheaper than in Europe.
In a recent statement, Pierer made it clear that he needs liquidity for KTM AG, so he is calling on investors, especially Bajaj, to financially support the brand at this bad time. The Austrians of Pierer and India’s Bajaj have had a strategic alliance for years to share components. Bajaj can now take a much larger stake in the Pierer Mobility-controlled company.
How can public policy initiatives support sustainable practices in local communities?
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Time.news Editor: Welcome, Dr. Smith! Thank you for joining us today. Your expertise in environmental science is incredibly timely. The current challenge of climate change is on everyone’s minds. Can you share what you believe are the most critical steps we need to take right now?
Dr. Smith: Thank you for having me! Indeed, the urgency of climate change cannot be overstated. I believe we need to focus on three key areas: reducing carbon emissions, transitioning to renewable energy sources, and promoting sustainable practices in both industry and personal choices.
Time.news Editor: Those sound like important areas. Can you elaborate on how individuals can contribute to these broader goals?
Dr. Smith: Absolutely! Every person can make a difference. Simple actions like using public transportation, reducing waste, and supporting local and sustainable businesses can collectively have a significant impact. Additionally, we must advocate for policy changes at local and national levels to hold larger corporations accountable.
Time.news Editor: That’s insightful. Speaking of policy, there’s been much debate around the Green New Deal. What are your thoughts on such proposals, and do you believe they can lead to effective change?
Dr. Smith: Proposals like the Green New Deal are ambitious but necessary. They represent a comprehensive approach to both climate change and economic inequality. If implemented thoughtfully, they could significantly reduce emissions and create jobs in the renewable energy sector.
Time.news Editor: It’s interesting that you mention economic inequality. How do you see the relationship between economic policies and environmental sustainability?
Dr. Smith: There’s a clear intersection. Environmental damage often disproportionally affects marginalized communities. Sustainable economic policies can help ensure that the transition to a green economy is equitable, providing opportunities for all, especially those who have been historically disadvantaged.
Time.news Editor: Education seems to be another crucial component in this fight. How can we better educate the public about climate issues?
Dr. Smith: Education is fundamental. We need to integrate climate literacy into school curriculums and utilize social media and other platforms to raise awareness. Engaging communities through workshops and local initiatives can also empower people to take action.
Time.news Editor: Thank you, Dr. Smith! Before we wrap up, what final message would you like to share with our readers regarding climate action?
Dr. Smith: I urge everyone to stay informed, get involved, and remember that every action counts, no matter how small. Together, we can make a substantial impact on our planet’s future.
Time.news Editor: Thank you so much, Dr. Smith. Your insights are invaluable, and we appreciate your time today!
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