KTM has faced the most complicated beginning of the year. The company faced A bankruptcy situationforced to part with brands such as MV Augusta, and the waiting of a restructuring plan that would completely change the current strategy of the orange giant.
Finally, good news comes. KTM has achieved the approval of its restructuring planwith the promise of an important capital and green light injection to resume production in the middle of next March.
The plan includes the payment of 30% of this debt to its creditors, mobilizing another 150 million to resume production in its main factory located in Muchofen, Austria. “The total planned capacity of the four production lines in operation of a single shift will be achieved within a period of three months,” they say from Piere Mobility Ag.
These figures will be achieved thanks, among others, to the financial support of Bajaj Auto, one of the main KTM partners and in charge of manufacturing almost half of the manufacturer’s motorcycles, in addition to manufacturing for other premium companies, such as Triumph.
{“Videid”: “X939600”, “Autoplay”: False, “Title”: “This is the Kawasaki Hyse, its hydrogen motorcycle”, “Tag”: “Kawasaki”, “Duration”: “132”}
As you collect ReutersThe shares of Pierer Mobility AG rose 16.7% last Tuesday in response to acceptance by the creditors of the company’s suborganization plan, KTM AG.
They have not transcended details about the restructuring plan, on which the company’s future depends to be profitable. Stock accumulationan important expense for competing in MotoGP, and a little competitive price strategy (something that is beginning to reverse with the new KTM 390 ADV) are some of the factors that have led the company to its current situation.
Image | KTM
In Xataka | To manufacture for first brands to compete with them: Chinese motorcycles are sweeping in Spain
(Function () {Window._js_modules = Window._js_modules || {}; var headelement = document.getelegsbytagname (‘head’) (0); if (_js_modules.instagram) {var instagramscript = Document.Createlement (‘script’); }}) ();
–
The news
KTM is saved from the catastrophe. It is the proof of the power of Indian manufacturers
It was originally posted in
Xataka
by
Ricardo Aguilar
.
GIPHY App Key not set. Please check settings