A mysterious party has, in part, saved the brand.
KTM receives creditor approval for debt restructuring,with Bajaj Auto providing €50M support. Company must secure €548M by May 23 to complete revival plan.
The plan involves additional financing from expanded shareholders, despite opposition from US hedge fund Whitebox Advisors.
BAIH BV currently holds a 49.9% stake in Pierer Bajaj AG (PBAG), which in turn owns 74.94% of PMAG, the parent company of KTM ...
The company only has a firm due date for 30 percent of its debt, an amount it realistically hopes can be raised with outside ...
KTM’s future is finally looking positive as creditors accept the brand’s restructuring plan to mitigate the debt woes ...
Yes, you heard that right – following a vote at the regional court in Ried im Innkreis, Upper Austria, KTM's creditors have ...
The former largest European motorcycle brand wants to resume production, which was halted in December. This is possible as ...
Bajaj is likely to invest funds in KTM but rumours also speculate saying BMW is in the process of buying out KTM.
A recent regulatory filing by Bajaj Auto reveals that it has approved the investment of funds up to 150 Million Euros (around ...
KTM launched the new 390 Adventure range in India a few days ago, which consists of the 390 Adventure X and the more off-road ...