Austrian motorcycle giant and maker of the X-Bow sports car KTM is on the verge of bankruptcy and will begin a “self-administration” restructuring process to avoid dissolution. A big part of the company’s big money-saving efforts will see the MotoGP effort on the chopping block.

MotoGP: Tech3 team principal: "The Racing Department is working as usual and we have already sent some crates for testing in Malaysia. I trust Beirer and we have the full support of Red Bull."

Pierer Mobility AG announced a “pit stop” for KTM AG, filing for insolvency by self-administration proceedings over th

Being completely fair, though, think about what you'd do (or have done in the past) if a sudden expense comes up that's cutting it awfully close, and may even be beyond what you know you currently have sitting in your account.

Pierer Mobility AG, the owner of several motorcycle and scooter/e-bike brands, announced last week that its subsidiary KTM is undergoing a self-administered restructuring to shed debt without involving bankruptcy courts.