KTM's MotoGP Future Still in Doubt as Creditors Allegedly Push for Exit

KTM is addressing financial challenges through a self-administration process. The company has partnered with Citigroup, a global investment bank, to guide its restructuring efforts. Reports indicate that KTM group companies face debts of around €3 million. Austrian media highlights missed November salaries and unpaid Christmas bonuses for employees. By working with Citigroup, KTM seeks to stabilise operations, resolve financial issues, and focus on growth in the motorcycle market. This partnership reflects KTM's efforts to secure its position in the industry and achieve long-term stability.

In a statement, KTM said: 'We are very relieved! Today, the judge made the decision that all three companies can continue to operate for the duration of the proceedings. However, today was only the first step in the 90-day reorganisation proceedings.

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‘This means that we will continue to work hard for our employees, our suppliers and our dealers to make this company viable for the long term. After all, we are talking about the business location and an Austrian brand that is well-known from Los Angeles to Sydney.

‘The most important thing is to save as many jobs as possible. In this context, we are looking for new investors and are trying to reach a sustainable solution together with our creditors. We are having good discussions with the banks in particular.'

MotoGP and KTM

MotoGP racing requires extensive financial investment, with bike development and team operations often costing hundreds of millions of dollars. KTM is confident about its MotoGP program and will compete in the 2025 season.

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To control expenses, Pierer Mobility is revising its motorsport approach. The Husqvarna and GasGas brands will exit Moto2 and Moto3, and the KTM Dakar Rally team has reduced its lineup to three riders for 2025. Under its KTM brand name, the company will operate two MotoGP teams.