KTM Co-Owner Bajaj Auto Signs €566m Loan Before Funding Deadline

It Sure Looks Like Bajaj Could Buy Out KTM

Bajaj has long been a shareholder in KTM, but a $632 million loan popped up on the company's books for "investments" that might just be KTM's saving grace.

On Monday the creditors committee was convened. In the future the influence of the Indian co-owner Bajaj will probably be much stronger.

Bajaj Auto Says Netherlands-based Arm in Talks to Participate in KTM AG Restructuring

Get latest articles and stories on Latest News at LatestLY. Bajaj Auto Ltd on Monday said its Netherlands-based arm is in negotiations and exploring various alternatives to participate in the restructuring of KTM AG following a plan approved by the creditors of the Austrian bikemaker. Latest News | Bajaj Auto Says Netherlands-based Arm in Talks to Participate in KTM AG Restructuring.

KTM Co-Owner Bajaj Auto Signs €566m Loan Before Funding Deadline

The co-owner of the KTM AG motorcycle maker has secured a €566 million ($632 million) one-year loan within days of a deadline to fund an insolvency plan at the troubled Austrian company.

MotoGP manufacturer KTM set to be saved by major shareholder amid financial struggles

MotoGP manufacturer KTM is set to receive financial backing from Bajaj Auto to help repay its debt, according to reports in India. KTM has been navigating its way through a major financial crisis with its debts exceeding €2 billion. Since last winter, the Austrian manufacturer forced it to layoff staff, pause production and reshape its board of directors in response to his financial situation. However, earlier this year, KTM won a major battle i…

Bajaj Takes out €566 Million Loan and Begins Talks to Save KTM

The Indian automotive giant Bajaj has taken out a sizable loan, and it doesn’t take a genius to figure out where it could be heading