Is KTM owned by Yamaha?

In the realm of motorcycles and the enthusiasts that follow them, questions about ownership and branding often arise. One such question that has piqued the interest of many is: "Is KTM owned by Yamaha?" This query taps into the depths of the automotive industry's intricate web of partnerships and acquisitions. KTM, a renowned Austrian manufacturer of off-road and street motorcycles, has built a loyal fanbase with its daring designs and performance-oriented engineering. Yamaha, on the other hand, is a Japanese multinational corporation with a vast portfolio spanning motorcycles, marine products, and more. So, does the Japanese giant hold sway over the European powerhouse? Or are they merely competitors in the same arena? This question seeks to uncover the truth behind the corporate veil and provide clarity to those eager to know the real ownership structure of these two legendary motorcycle brands.