- Joined
- Feb 6, 2006
- Messages
- 12,147
- Reaction score
- 5,581
- Location
- Cape Town, deep in the lentils
- Bike
- KTM 990 Adventure
Jeez! That’s quite a surprise!
There’s been a lot of talk about Pierer AG’s money problems over the past few weeks, with some speculating that the Austrian owner of KTM, Husqvarna, GasGas and MV Agusta will go bust. Or (this is far more likely), be bought out by their Indian partners at Bajaj. As it turns out, neither of those things seem likely in the immediate future, as Pierer AG has instead opted for restructuring under European and Austrian law.
https://www.advrider.com/pierer-ag-initiates-restructuring/
There’s been a lot of talk about Pierer AG’s money problems over the past few weeks, with some speculating that the Austrian owner of KTM, Husqvarna, GasGas and MV Agusta will go bust. Or (this is far more likely), be bought out by their Indian partners at Bajaj. As it turns out, neither of those things seem likely in the immediate future, as Pierer AG has instead opted for restructuring under European and Austrian law.
https://www.advrider.com/pierer-ag-initiates-restructuring/
