He had talked about his life’s work around the opening of the bankruptcy at KTM, for which he will fight – now the era of Stefan Pierer ends with the motorcycle manufacturer. After Bajaj had made 600 million euros available for the financing of the renovation plan alone, the only owners of the company, who in turn have the majority of the KTM mother Pierer mobility.
Even if there was hardly anything surprising, the events announced on Thursday morning: firstly, Pierer Mobility AG announced that the 600 million euros for the renovation of the three KTM compritions (KTM AG, KTM components GmbH and KTM Research & Develmbh) will come out.
Moments later it was also clear: the Indians, formerly co -owners of the motorcycle manufacturer, will take over the majority of the KTM. The Indian group wants 100 percent at Pierer Bajaj AG and therefore urges Pierer Industrie AG from this society. As soon as this step has all the official permits, the era of Stefan Pierer at KTM ends.
Neummeister is the head of Pierer Mobility and KTM
This Development had emerged in The Past Few Months: At the End of January, Stefan Pierer (68) had Given the CEO at Pierer Mobility Ag and also at KTM-Both Posts Toks Tok about Gottfried NeUmeister, who was only the Mattighofen in September 2024. It was like the Mattighofen and Coattighofen and Coattighofen and Coattighofen and Coattighofen and Coatighofen and Coatighofen and Coatighofen and Coattofofen and the Mattighofen and Coattofofen as if it was like the Mattighofofen as AS the Mattigofofen as AS the Mattigofofen as AS the Mattighofen. Flyniki Airline That had perceived all court dates in the bankruptcy processings in the past a few months. He stood by the media, became a mouthpiece towards the employees when they heard at the end of April that production in the Innviertel should be pulled into the Innviertel again because the supply chains more than work well.
In the same period, Bajaj became increasingly important for the motorcycle manufacturer: the Indians made 200 million euros available to finance the continuous operation and to get production again. Now it was again the company around Rajiv Bajaj that earned the 600 million euros for the quota and the procedural costs thanks to a loan.
And Pier? Born in Styria, who bought KTM in 1991 from bankruptcy and had built one of the leading sports motorcycle brands, the KTM board left completely at the beginning of March. With the end of the renovation process, it will no longer be part of the management of Pierer Mobility AG, as announced on Thursday.
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.
