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We've smelled oranges yesterday.
Posts: 2
Joined: 9/25/2018
Location: Fort Myers, FL USA
50 minutes ago
It's rumored by unknown sources over the internet that Pierer Industrie AG of Austria has opened negotiations to purchase interest in Alta Motors.
Stefan Pierer CEO for Pierer Industrie AG (pictured below) Company spokesman said Mr Stefan Pierer is vacationing in Brisbane, Ca. and could not be reached for comment.
View attachment 1284
If this is not true, it's a great hoax.
That's the company that owns KTM. And Husaberg. And Husqvarna.Pierer Industrie AG ? Isn't that the company that bought Husqvarna from the Italians? WOW Alta Redshift will be owned by Husqvarna. Can't wait to get a 2019 Husqvarna EMXR. I always liked white over orange
Battery cells are MURATA. Japanese company. Extreme high-quality
Hope they do not rebadge Altas as KTMs and paint them orange.
One hell of a coincidence.Posts: 2
Joined: 9/25/2018
Location: Fort Myers, FL USA
50 minutes ago
It's rumored by unknown sources over the internet that Pierer Industrie AG of Austria has opened negotiations to purchase interest in Alta Motors.
Stefan Pierer CEO for Pierer Industrie AG (pictured below) Company spokesman said Mr Stefan Pierer is vacationing in Brisbane, Ca. and could not be reached for comment.
View attachment 1284
If this is not true, it's a great hoax.
I'm with you, but as long as we can get the trademark replacement parts, motor/controller/battery/ stuff like that, I will mix blue green and orange with my white EXR to keep in running years down the road.That's the company that owns KTM. And Husaberg. And Husqvarna.
They killed Husaberg, and folks are still mad at them for that.
Hope they do not rebadge Altas as KTMs and paint them orange.
Even though you are being funny and facetious, and the Freeride is a good bike, that would be a step in the wrong direction,Don't be ridiculous. They plan on rebadging Freerides as Altas and painting them white
I hope they do keep the Alta brand.Paint it orange, white, red or any color the aftermarket makes Philip. 3 brands of EV bikes are better than one.
I suspect the actual Board of Directors decision to shut operations did effectively happen overnight. When an agreement with the second investment group was not reached this was one of the logical and typical business outcomes. It does not mean ALTA is gone. It means they needed to quit spending money at the full stream operations and marketing pace while they continue to aggressively work the finance and acquisition options.
Anyone who has been paying attention knew that the $$ from HD which was obtained during the Corporate Round of funding in March had likely been pulled due to HD’s financial problems. It was then obvious that a fast growing company like ALTA was actively looking for additional capital. I suspect that the dealers, the distributors, and the majority of the ALTA operations people had very little visibility to the status of these investor negotiations; likely little if any more than we did on this well-informed forum.
I don’t know who all of the Board members are, but I am reasonably certain that they as well as the existing Lead investors were weighing all of the consequences of this shut down before they made this decision and it was the best route among several difficult paths.
I have confidence that there are several viable paths forward for these bikes, this technology, and even ALTA as a brand. I think they will find a good route forward for the Future of Fast. Even if that doesn’t happen I am glad that I have my EXR and my only real concern is the software access. I will be riding this weekend and hoping for good news next week !