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KTM to enter self-administration amid financial struggles

 
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 CanadianRacingOnline
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Dec 16, 2024 1:13 am
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KTM to enter self-administration amid financial struggles

[html]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 to continue operating beyond 2024.
The company, currently competing in MotoGP, has laid off hundreds of ...Keep reading[/html]

Source: KTM to enter self-administration amid financial struggles


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