KTM to enter self-administration amid financial struggles

https://cdn-3.motorsport.com/images/amp/0rGBZEJ2/s6/pedro-acosta-red-bull-ktm-fact.jpg

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, has laid off hundreds of employees and ...Keep reading

×