When KTM submitted the renovation application at the end of November 2024, Stefan Pierer spoke about his life’s work for which he will fight. Four months later he gives up the biggest mystery in the struggle for the future of the leading company. For example, because Pierer partner Bajaj has already invested tens of millions in the restart of production, it has become quiet about the entrepreneur.
Everyone who said KTM Stefan Pierer said – it was until November 2024 when the motorcycle manufacturer finally had to submit the bankruptcy application. But does that still apply today? The owner officially withdrew from the KTM AG board on 4 March and scattered Gottfried Neummeister, who had officially accompanied Pierer as Co-CEO since January.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
