KTM issues update in wake of Friday’s Regional Court ruling

Erster Entscheidungstag für die insolvente KTM

Die Presse

Vienna

Austria

First decision day for the insolvent KTM

The green light has been given for the three KTM companies that have slipped into insolvency to continue operating - but what happens now? The fact is that the motorcycle manufacturer urgently needs fresh money and has brought the investment bank Citigroup on board to support it. Bajaj Auto from India, already a co-owner alongside Stefan Pierer, has also made an offer. At 1:20 p.m. the door to the jury courtroom of the regional court in Ried im …

Das grüne Licht für die Fortführung der drei in die Insolvenz geschlitterten Gesellschaften von KTM ist da – doch wie geht es jetzt weiter? Fakt ist: Der Motorradhersteller braucht dringend frisches Geld, hat dazu die Investmentbank Citigroup zur Unterstützung an Bord geholt. Auch Bajaj Auto aus Indien, bereits an der Seite von Stefan Pierer Mit-Eigentümer, machte schon ein Angebot. Um 13.20 Uhr ging die Tür zum Schwurgerichtssaal des Landesgeri…

„Erleichtert!“ KTM atmet nach Etappensieg auf

Media Bias/Fact Check

Kronen Zeitung

“Relieved!” KTM breathes a sigh of relief after stage win

The motorcycle manufacturer cannot manage the restructuring alone. According to reports, investors want to provide KTM with 300 to 750 million euros in liquidity.

Der Motorradhersteller kann die Sanierung nicht allein stemmen. Dem Vernehmen nach wollen die Investoren 300 bis 750 Millionen Euro Liquidität für KTM bereitstellen.

KTM-Pleite: Banken erhöhen Druck auf Pierer

Kurier

Funke Mediengruppe

KTM bankruptcy: Banks increase pressure on Pierer

Today the reporting meetings for KTM AG and its two subsidiaries KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH are taking place. A huge rush of creditors is expected.

Heute finden die Berichtstagsatzungen zur KTM AG und ihren zwei Töchtern KTM Components GmbH und KTM Forschungs & Entwicklungs GmbH statt. Es wird ein riesiger Gläubiger-Andrang erwartet.

Styria Media Group

The KTM employees are still waiting for their November salaries, Christmas bonuses and December wages. Production in Mattighofen has been at a standstill for a week

Die KTM-Mitarbeiter warten immer noch auf ihre November-Gehälter, Weihnachtsgeld und Dezember-Entgelte. Die Fertigung in Mattighofen steht seit einer Woche still

Erste Entscheidung über Zukunft der insolventen KTM steht an

der Standard AT

Oscar Bronner

First decision on the future of the insolvent KTM is imminent

Crash

KTM “not letting off the throttle” amidst financial crisis

Production of the legendary KTM motorcycles has been halted, with over 130,000 of these vehicles in storage. The company has declared itself insolvent: employees are being generously given layoffs, and those who refuse to quit voluntarily claim they are under pressure and threats.

Legendinių KTM motociklų gamyba sustabdyta, sandėliuose yra per 130.000 šių transporto priemonių. Bendrovė paskelbė esanti nemoki: darbuotojams dosniai dalijami atleidimų lapeliai, o tie, kurie atsisako savo noru išeiti iš darbo, tikina patiriantys spaudimą ir grasinimų.

Legendinių KTM motociklų gamintoja nemoki: darbuotojai kaltina susidorojimu - Verslo žinios

vz.lt

Legendary KTM motorcycle manufacturer is insolvent: employees accuse it of a crackdown

KTM has pulled its sponsorship from WESS Promotion GmbH, which is a company behind the FIM Hard Enduro World Championship. Here's what you need to know.

RideApart.com

KTM Pulls Funding for Hard Enduro World Championship, With Some Unexpected Positives

The first creditors' meeting will be held in Ried im Innkreis on Friday. Restructuring manager provides initial assessment of continuation and restructuring opportunities.

Am Freitag findet erste Gläubigerversammlung in Ried im Innkreis statt. Sanierungsverwalter gibt erste Einschätzung zu Fortführung und Sanierungschancen ab.

Erster Lostag für KTM: 2500 Gläubiger bangen um ihr Geld, Tausende Mitarbeiter um die Zukunft

Salzburger Nachrichten

Salzburg

First day off for KTM: 2500 creditors fear for their money, thousands of employees about the future

KTM AG and its subsidiaries are currently facing significant financial turmoil, leading to layoffs and a restructuring process. The company reported a 27% revenue drop and a 172 million euro loss in early 2024, prompting further job cuts and an insolvency filing. Production has halted due to excess inventory, and debts have reached at least 1.8 billion euros. Creditors must file claims by January 16, with a restructuring plan offering a 30% repa…

News Text Area

2024 - KTM Faces Bankruptcy: Key Decisions Begin Today

KTM has officially spoken out about its ongoing issues, claiming it is to begin a 90-day period of stabilisation

KTM “not letting off the throttle” amidst financial crisis

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics