It's been months of bad news for KTM. Insolvency. Layoffs. A year's worth of motorcycles sitting on dealership lots. Camshafts that went kablooey. A will they, won't they, will they relationship with the brand's MotoGP team. And sell-offs of both MV Agusta, only months after acquiring a controlling stake, as well as countless other small brands and the CEO and owner, Stefan Pierer, stepped down but remained co-CEO (whatever that means).
All of which is thanks to a downturn in business and some really poorly executed business decisions and the timing of a plethora of others. And that's putting it mildly, as well as skipping over what will inevitably become the next must-see Netflix documentary ala Tiger King. It does have far fewer appearances of Carole Baskin, though the same amount of her husband...
But now, after all the turmoil, the billions of dollars in accrued debt, the mounting production pauses, and back and forth between creditors, banks, would-be investors, and more, there's an outcome. No, BMW isn't saving the struggling brand, as was the rumor only a few days ago. Nor was it Remus' CEO. Someone is, and in part, that someone is Bajaj. But, Bajaj isn't the only one. Weirdly, the main party involved in saving the company wishes to remain anonymous.
