KTM CEO Steps Down Amid Restructuring Efforts As Financial …
2 days ago · Apr 13, 2024; Austin, TX, USA; Brad Binder (33) of South Africa and Red Bull KTM Factory Racing rides during practice for the MotoGP Grand Prix of the Americas at Circuit of The Americas.
KTM’s Debts Rise, But Investors Show Interest
2 days ago · KTM's debts are now at more than $4.2 billion and expected to rise, while 23 investors have shown interest in the company. ... to have news value, may be placed on roadracingworld.com as a service ...
KTM’s future hopes brighten as proposed investment nears €1 …
4 days ago · In recent weeks KTM is reported to have gained significant interest from outside investors to help raise the money it needs to pay off the 30% of its debts - which stands at a confirmed €1.8 ...
KTM's Money Troubles Get Worse: Workers Unpaid, Citibank Now …
Dec 18, 2024 · Sales were down, expenses were up, and hundreds of millions of euros were owed—but as the problems picked up steam this fall, the leadership at Pierer AG (KTM’s parent company) said they still planned to pay their creditors, they just needed more time.
KTM Bankruptcy Update January 2025 - Cycle World
3 days ago · Europe’s biggest bike maker fights for its life. KTM will soon announce its restructuring plan. Updated: Jan 23, 2025. KTM has become one of the big beasts in the motorcycle arena over the last...
KTM enters self-administration, debts of over $3 billion - Cycle News
Dec 3, 2024 · November 2024 will go down as one of the darkest periods ever for KTM, the Austrian motorcycle giant entering a self-administration debt restructuring plan with the …
KTM: Inside a cash crisis - Australian Motorcycle News
Dec 17, 2024 · The KTM situation is dire but it almost pales into insignificance when compared to Volkswagen, which owns Ducati via its subsidiaries Audi and Lamborghini. Now 200 billion euro ($A325b) in the red, it has become the world’s most indebted listed company.
As financial woes worsen, KTM takes drastic measures to cut losses
Nov 24, 2024 · In an emergency announcement released this past week, Pierer Mobility AG disclosed that KTM AG's liquidity strategy for the 2025 fiscal year will require additional funding to the tune of a...
KTM enter 'self-administration' to tackle financial trouble
Nov 28, 2024 · CEO of KTM, Stefan Pierer has announced the Austrian brand will undertake a 90-day ‘self-administration’ process in a bid to restructure the company and move toward the end of their current...
KTM AG Enters Self-Administration to Restructure Debt
Nov 26, 2024 · Pierer Mobility AG announced a “pit stop” for KTM AG, filing for insolvency by self-administration proceedings over the motorcycle business that includes KTM, Husqvarna, Gas Gas, and MV Agusta brands.