KTM enters self-administration, debts of over $3 billion
November 2024 will go down as one of the darkest periods ever for KTM, the Austrian motorcycle giant entering a self-administration debt restructuring plan with the Austrian Ried Regional Court on November 29 with reported liabilities of a staggering €2.9 billion ($3.03 billion).
Bankruptcy looms as KTM enters self-administration
KTM’s financial troubles are much worse than many suspected. The company has entered self-administration to undergo a restructuring process in an attempt to stave off bankruptcy. Is a total collapse of one of the world’s leading motorcycle manufacturers near?
Bow sports car KTM is on the verge of bankruptcy and will begin a “self-administration” restructuring process to avoid ...
TopSpeed on MSN14h
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It was just a couple of years ago that Pierer Mobility-owned KTM celebrated 12 straight years of record growth. Now, the ...
It has been clear for weeks that there would be job cuts at KTM - but now things are happening faster than many had expected.
KTM announces a restructuring plan to address financial challenges, aiming for completion within 90 days of November 29th.
Australian MotoGP rider Jack Miller recently voiced his dissatisfaction with KTM's development in the 2024 season.
In the early 1990s, motorcycle maker KTM was a small-scale producer. By 2023, it was one of the EU's biggest, but stumbles and falling sales have it at a crisis point.
KTM is closing the year with a special offer on its 250 Duke motorcycle. The company has announced a discount of Rs 20,000, ...
Pierer Mobility AG, parent company of the KTM, Husqvarna, and Gas Gas brands, has announced they “will apply for the ...
Shares of Pierer Mobility AG tumbled after the company said its KTM AG motorbike unit was filing for a self-administered ...
Autocar India on MSN8h
KTM 390 Adventure, Enduro, SMC R India launch plans revealedWe’ve already reported that KTM will be revealing its India-specific line-up of bikes at IBW 2024 on December 6. We can now ...
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