KTM’s creditors accepted the company’s restructuring plan. There is a now a path to move forward and to begin full production again. The plan was accepted just days before the February 27 deadline for KTM AG’s self-administration proceedings. “I am grateful and happy today. KTM is back on track. Our employees have done everything over […]
KTM Survives For Now Read More »
Boardroom Circuit of KTM KTM yearly 2024 revenue is down 29 percent as compared to 2023, and its earnings before interest, taxes, depreciation, and amortization (EBITDA) is apparently in the red to the tune of 300 million Euros. Pierer AG also notes on record that it’s cut around 1,800 employees so far. Stefan Pierer, who
Has KTM CEO actually resigned ? Read More »
and the fortunes of PIERER Mobility AG PIERER Mobility AG: Far-reaching restructuring and additional liquidity requirement at KTM AG 12-Nov-2024 / 20:42 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG. The issuer is solely responsible
FROM PRESS RELEASE: KTM Crises Read More »
Mahindra and Mahindra, along with others to invest USD 105 mn in Classic Legends The bestselling ‘Scorpio’ car manufacturer will invest USD 105 million along with existing shareholders and new investors, Mahindra said in an exchange filing.This will be over the course of next two to three years. Mahindra owns 60% of Classic Legends, which
Classic Legends to get USD 105m investment Read More »
“The First Motorcycle in history with Aston Martin wings!” “Only at Heroes Motors Los Angeles” The very first Aston Martin motorcycle in history, the AMB 001 represents the union of iconic Aston Martin design and Brough Superior’s state-of-the-art engineering. This track-only motorbike is reserved for only the greatest luxury motorcycle connoisseurs. This first collaboration between
Aston Martin design and Brough Superior engineering Read More »
Royal Enfield MD Siddhartha Lal has said the iconic company will come out with a pathbreaking EV product. “We’re working super hard on the EV product, and we’ve appointed 11-12 new suppliers and are adding more competencies in the software area,” the company stated. Royal Enfield recently appointed Mario Alvisi, (previously at Ducati), as chief
Royal Enfield MD on electric motorcycles Read More »
Parent Company of Royal Enfield, Eicher Motors Ltd, Announces Strategic Investment In Stark Future SL The Board of Eicher Motors Ltd. (EML) has approved an equity investment of 50 million euros, and plans for collaboration with the electric motorcycle manufacturer. Milwaukee, WI (Friday, December 29, 2022) – Eicher Motors Ltd., leading Indian multinational automobile company, and
Eicher Motors Ltd announces strategic investment in Stark Future SL Read More »
by Johnny White Lil’ Ruby is what I have named her, but this came after I bought her from the original builder this Summer. You see, Lil’ Ruby started life as a 2002 Sportster that my son-in-law bought in 2015. He bought the bike from another young man who needed cash more than he needed
Lil’ Ruby: Another addition for The Chopper Saga Read More »
Mustang Seats Acquired by Veteran-founded Investment Firm LDR Growth Partners New Growth-Oriented Owners Will Invest in Company’s Factory Operations, Marketing Programs and Presence with Customers Three Rivers, Massachusetts – April 4, 2022 – LDR Growth Partners today announced the acquisition of Mustang Motorcycle Products LLC, maker of Mustang Seats and related motorcycle accessories, in a
Mustang Seats Acquired by Veteran-founded Investment Firm Read More »
MUBADALA CAPITAL BACKS SX GLOBAL TO LAUNCH NEW FIM SUPERCROSS WORLD CHAMPIONSHIP Queensland, Australia (March 1st, 2022) — Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, one of the world’s leading sovereign investors with US$243 billion of assets under management, today announced its investment in SX Global, an Australian company established to develop, promote,
New FIM Supercross World Championship planned Read More »
from https://www.financialexpress.com TVS announces new top management at Norton Motorcycles: 2021 V4SS to launch soon. With TVS infusing multi-million-pound investments, the Solihull facility will be the most advanced and modern plant that Norton has operated out of in its 122-year-old history. TVS Motor Company (TVS), owner of The Norton Motorcycle Co Ltd (Norton), today announced
New top management at Norton Motorcycles announced Read More »
Norton Motorcycles invests in advanced new factory headquarters in Solihull The Norton Motorcycle Co Ltd has moved to a new location in Solihull, West Midlands The new HQ will be a permanent base for all staff and incorporates state-of-the-art design, engineering, manufacturing and quality capabilities Opening of the newly fitted out factory comes after a
Norton Motorcycles invests in advanced new factory headquarters Read More »
Following the recent launch of its industry-shaking SR/F model, Zero Motorcycles today announced the close of a $25 million funding round, bringing the brand’s aggregate equity capital raised to over $250 million. With 13 years of experience developing the most power- and energy-dense EV technology in powersports, Zero leads the industry with a global supply
Zero Motorcycles announces new financing round Read More »
