Motorsport.com
The Pierer Mobility group has announced that struggling bike manufacturer KTM will enter self-administration and apply for the initiation of judicial restructuring proceedings.The Austrian marque is undergoing a significant financial crisis and was seeking at least 100 million euro to continue operating beyond 2024.The company, currently competing in MotoGP…
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KTM to enter self-administration amid financial struggles
The Pierer Mobility group has announced that struggling bike manufacturer KTM will enter self-administration and apply for the initiation of judicial restructuring proceedings.The Austrian marque is undergoing a significant financial crisis and was seeking at least 100 million euro to continue operating beyond 2024.The company, currently competing in MotoGP…