As reported by Industriemagazin, Austrian motorcycle manufacturer KTM has secured a financing commitment of approximately €600 million to meet the required 30% cash quota in its ongoing insolvency proceedings. The rescue package is reportedly backed by Indian co-owner Bajaj, who has already provided significant financial support in recent months. While the company’s short-term survival now seems assured, the future of more than 3,000 jobs at its Mattighofen and Munderfing sites remains uncertain. Creditor payouts are expected to begin by the end of May or mid-June.
Source: www.industriemagazin.at
