KTM, Europe’s largest motorcycle manufacturer, applied
The company is heavily in debt and "faces significant obstacles" on multiple fronts KTM is preparing for bankruptcy as they are saddled with hundreds of millions of dollars in debt and do not expect to be able to obtain interim financing in time to meet their obligations. On Friday, they will apply for self-administration, which will give them time to work with creditors. The exact outcome is unclear, but there has been talk of job cuts and production cuts. KTM has grown to become Europe's largest motorcycle manufacturer, but this is a hollow victory as the company is insolvent and they are preparing to launch a "self-administered legal restructuring process". The application is due on Friday and the company hopes to have all the work completed within 90 days. The company declined to reveal specifics, but said they "faced significant obstacles." They added that self-management would help them "adapt to a changing market" and secure their position as a global…
Raccoon Media Group launches Europe’s only B2B running expo,
The first of its kind in Europe, the ground-breaking new B2B running show will launch in 2025, providing an unparalleled platform for brands, retailers, industry professionals, influencers and media to connect, collaborate and drive business. Award-winning events company Raccoon Media Group (the team behind the UK National Running Show and the US Boston Running Show) has announced its most ambitious project yet: the International Running Expo (IRX 2025), taking place at RAI Amsterdam on the 4th November 5, 2025. Designed specifically for the running industry, IRX 2025 aims to be the event of choice for industry stakeholders to build partnerships, showcase innovation and engage in valuable discussions with leading industry professionals shaping the future of running.The industry's premier summit will be the central gathering point for the European running business community, with over 300 exhibitors and attracting more than 6,000 influential delegates - from retailers and B2B buyers to thought leaders, athletes, influential people Influencers and media from around the…
Lynk & Co 02 is Europe’s latest electric car with 268 hp and rear-wheel drive
The crossover coupe starts at less than 36,000 euros and is available for pre-order now Lynk & Co have launched their first European electric car, called the 02. This rear-wheel-drive crossover coupe has 268 horsepower and a range of up to 277 miles. Pricing varies by country, but this model starts at €35,995 in key markets. China's invasion of Europe continues, Lynk & Co launches the new 02. It's the company's first electric car in the old continent, although it will also be sold in China as the Z20. The 02 is billed as a striking five-door crossover coupe with an aerodynamically optimized front end, split lighting units and active louvered air intakes. Designers also equipped the model with a panoramic glass roof, two-tone paint and 19- or 20-inch wheels. Other notable highlights include flush-mounted door handles and a prominent rear spoiler with integrated taillights. More: Lynk & Co 01 SUV gets more powerful PHEV and improved infotainment system in…
Europe’s best-selling car in 2024: Tesla Model Y’s astonishing performance
Dacia Sandero leads European sales in the first half of 2024, surpassing Tesla Model Y. The Tesla Model Y slipped to eighth place in European car sales, while the Volkswagen Golf ranked second. Hatchbacks and small SUVs remain the most popular car segments in Europe. The Tesla Model Y created a sensation in Europe last year, becoming the continent’s best-selling new car. But in the first half of 2024, the Model Y has slipped down the sales rankings, falling behind a series of small cars that have been selling strongly year after year. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Sales data for the European Union and the United Kingdom show that the Dacia Sandero was the best-selling new car between January and June this year, with 143,596 units registered. The Sandero has long been one of Europe's most popular cars, in part because of its…
Europe’s largest battery manufacturer may switch to static batteries
Poland-based LG Energy Solution is Europe's largest supplier of electric vehicle batteries, but it is being hurt by waning interest in electric vehicles. go through Chris Chilton 10 hours ago LG Energy Solution's Polish plant is considering building a static storage unit to offset falling demand for its electric vehicle batteries. The company is Europe's largest supplier of electric vehicle batteries but expects revenue to fall by a third this year. The Polish government reportedly plans to subsidize home storage installations, so switching to static storage could work well. Automakers aren’t the only ones hurt by slowing demand for electric vehicles. Companies that supply the batteries that power them, like LG Energy Solutions, are also feeling the pinch. Now, one of them is considering taking its battery technology in a new direction to shore up sagging profits. LG Energy Solutions' Polish unit is the largest supplier of electric vehicle batteries to the European auto industry, with 6,600 employees and 40%…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
