Brad Binder's Verdict on KTM's Major Investment Announcement

The traditional motorcycle manufacturer KTM from Upper Austria has been rescued from the bankruptcy, got the curve. The Indian co-owner takes over the company majority and grants a 450 million euro loan.

The Austrian manufacturer KTM imposes a debt burden of two billion euros. The company is going into bankruptcy, there is a threat of sell-out. An Indian holding company increases its shares and takes over the majority of the company, just before a decisive deadline.

With a loan of the Indian co-owner Bajaj Auto International over 450 million euros and grants from Mother Pierer Mobility, the bankruptcy of the motorcycle manufacturer can be averted. Stefan Pierer leaves the board of directors of Pierer Mobility.

Stefan Pierer's motorcycle forge is now in the hands of the Indian partner. His legacy goes back to Gandhi

Brad Binder's verdict on KTM's major investment announcement

Brad Binder has responded to the news of KTM’s new investment, announced earlier this week.

The insolvent motorcycle manufacturer KTM has been rescued. Co-owner Bajaj has provided the necessary funds to pay the share to the creditors of KTM AG and its subsidiaries KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH. This afternoon, insolvency administrator Peter Vogl announced that the money had been paid – just before the deadline, which was due to run until midnight on Friday.