Near-Bankrupt KTM Owes $3 Billion, "Pauses" MotoGP Program

Despite speculation over their future KTM will continue testing

KTM will take part in a private MotoGP Test during December with their MotoGP test riders. During speculation over the future of the Piere Mobility brands, KTM has confirmed that its test team will be on track this month for a private test. KTM told our colleagues at Crash.net on Tuesday that “there will be a private test in Jerez in December”. MotoGP's winter testing ban is currently in place (December 1st to January 31st). However, the testing…

KTM AG will maintain operations during restructuring process

KTM AG, undergoing an internal restructuring process and with some changes at home and abroad, confirmed that it will continue to operate. The person responsible for the case, lawyer Peter Vogl, assured this through an announcement on LinkedIn, who stated: ‘After the initial surveys, the company KTM AG will continue its operations’. Vogl also said that no further comments will be made on the status of the restructuring until the first meeting of…

Near-Bankrupt KTM Owes $3 Billion, "Pauses" MotoGP Program

Austrian motorcycle giant and maker of the X-Bow sports car KTM is on the verge of bankruptcy and will begin a “self-administration” restructuring process to avoid dissolution. A big part of the company’s big money-saving efforts will see the MotoGP effort on the chopping block. KTM, which also owns motorcycle…Read more...

KTM to pause MotoGP bike development amid huge financial crisis

KTM's MotoGP bosses have decided to pause the development of its bikes amid the huge financial crisis the Austrian manufacturer is facing, Autosport has learned.The decision is one of the measures included in the plan aimed at keeping KTM's sporting project safe after the manufacturer filed for insolvency last week.It was revealed that KTM, part of the Pierer Mobility group, has a debt of around ...Keep reading

Jack Miller admission reveals extent of 2024 KTM woes

“This year has been a struggle…”