KTM AG resumed motorcycle production this Monday, March 17. The restructuring plan was approved in February, and now the outlook appears more optimistic.
However, the storm is not over yet. Production was only able to restart thanks to a €50 million injection from Bajaj. But by May 23, €600 million will need to be paid to creditors.
This is not an easy sum to secure. Citigroup has been tasked with finding investors, and according to GPOne.com, one potential investor could be CFMoto.
The Chinese manufacturer already has a partnership with KTM AG, but now it could increase its involvement – becoming the majority shareholder in place of Stefan Pierer, who resigned from the executive board in March.
