The divorce was already rumors in Asia and in motorsport circles in Austria the end of the relationships at sales level had also emerged – now it is official. From May 31, KTM AG will hire the sale of the Chinese motorcycles of the CFMoto and Zeeho brands. However, you continue to work together during production in Asia.
During the extraordinary general meeting of Pierer Mobility AG in January, CEO Gottfried Neummeister had already indicated when explaining the business organization that will probably be set up in the future – follow his words now.
From June, KTM AG will fully concentrate on the distribution of its own motorcycle brands. From 31 May the cooperation between the higher Austrians and the Chinese manufacturer in terms of the sales activities of the CFMoto and Zeeho brands in Austria, Germany, Switzerland, Great Britain and Spain.
Common production in China remains
This decision was taken by mutual agreement between the two companies, it is said. Collaboration in the field of production in China remains unchanged compared to the changes at sales level. In addition, CFMoto KTM motorcycles will continue to sell in China.
To what extent is the step related to the increasing position of the Indian co -owner Bajaj at Pierer Mobility AG and therefore also at KTM can only be speculated. Bajaj offers the Innviertlerers a total of 200 million euros, which mainly flows in the resumption of production in Mattighofen.
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.
