KTM denies Red Bull rescue rumours, reiterates commitment to MotoGP

11/22/2024 08:20 AM

KTM has denied speculation that Red Bull could step in and pull it out of its current financial troubles, while at the same time reiterating that it remains committed to competing in MotoGP.The Austrian manufacturer is in the midst of a major crisis and is seeking at least 100 million euros to stay afloat in 2025.Job cuts have been rampant, with another 280-300 employees set to lose their jobs at ...Keep reading