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Showing posts with label Stefan Pierer. Show all posts
Showing posts with label Stefan Pierer. Show all posts

BMW sells Husqvarna to KTM CEO Stefan Pierer


This is a little confusing. BMW sold Husqvarna, the Swedish born company, to Pierer Industries which is owned by Stefan Pierer, the current president of KTM. But Pierer is the majority shareholder of India's Bajaj Automotive, which owns a little over 47% of Cross Industries. And Cross Industries is the parent company of KTM.