Austrian sports motorbike manufacturer KTM has moved into the
captive leasing business in earnest for 2009, despite layoffs and
production cuts in its core business.
The company founded subsidiary KTM Financial Services GmbH
(KTMFS) at the end of 2008, in order to develop finance and leasing
for dealerships and direct sales.
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KTMFS began transactions this month, operating in KTM’s home
markets of Austria, Germany and Switzerland.
The move comes in the wake of a predicted 25 percent production
downturn for the manufacturer, as a result of some 300 ongoing job
losses at its factories. Half of KTM’s remaining workforce will
work on a part-time basis from May until August.
