The latest announcement is out from PIERER Mobility AG ( (CH:PKTM) ).
PIERER Mobility AG has secured an additional EUR 50 million to resume KTM production, which began as planned on March 17, 2025. The company refutes allegations from an Austrian bank regarding financial obligations and emphasizes that the restructuring plan for KTM AG, agreed upon by creditors, is progressing with a required cash quota of EUR 600 million to be deposited by May 23, 2025.
More about PIERER Mobility AG
PIERER Mobility AG operates in the automotive industry, focusing on the production of motorcycles, particularly under the KTM brand. The company is known for its high-performance motorcycles and has a significant market presence in Europe and other regions.
YTD Price Performance: -9.31%
Average Trading Volume: 1,923
Technical Sentiment Signal: Buy
Current Market Cap: €613.8M
See more data about PKTM stock on TipRanks’ Stock Analysis page.