KTM Rescue Plans

After dramatic restructuring and a number of failed rescue attempts over the past several months, it appears KTM may be on course to survive. The lifeline comes from Bajaj Auto International Holdings BV, a Dutch subsidiary of Indian conglomerate Bajaj Auto. Sources report Bajaj is working with JPMorgan Chase, Citigroup, and DBS Bank of Singapore to secure a €566 million loan (about US$640 million). 

While no official statement has been issued, most observers are confident the funds are for KTM. Bajaj holds a minor stake in KTM AG, which is its only major involvement with the European motorcycle industry.

Photo by Sanjeev Nagaraj on Unsplash