KTM on the tilt: Creditor stems record renovation with 600 million euros!
KTM on the tilt: Creditor stems record renovation with 600 million euros!
Mattighofen, Österreich - ktm faces a crucial turning point! The company, known for its high -quality motorcycles, has presented a plan for restructured renovation, which has now been approved by the creditors. On February 25, 2025, a decisive hearing before the regional court in Ried im Innkreis took place, in which the claims against KTM were 2.25 billion euros ($ 2.36 billion). Of these, 2 billion euros ($ 2.1 billion) were recognized. The plans provide for a one -time cash payment of 30 percent, i.e. 600 million euros, until the end of May. In addition, 150 million euros are to be invested in the resumption of production until mid-March to secure the jobs of 2000 employees, such as cycle news .
But the investment remains challenging. KTM needs a total of 800 million euros to cover the running costs and activate their production lines. CEO Gottfried Neumeister said that 50 million euros will be made available by the shareholder by the end of March to cover the operating costs for the month. The parent company Bajaj Auto, an Indian manufacturer and market leader for tricycles, has already made a loan of 50 million euros available. In the meantime, rumors are circulating about a possible takeover offer from BMW, which in the worst case would result in the closure of the location in Mattighofen and the loss of all KTM positions. However, this scenario appears unlikely, since BMW itself has to struggle with financial difficulties, as in vienna.at
The company plans to achieve full utilization in its company within three months. To celebrate this, KTM launched a new campaign called "Orange Blood", which is intended to promote the global networking of KTM owners and drivers. Despite all the challenges that lie in front of KTM, the directional leadership sees the company in a secure position on the way to stability and to revive production.
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Ort | Mattighofen, Österreich |
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