P1racenews AI automatic summary:
KTM’s survival prospects have taken a positive turn following the news that reveals external investors contributing around €900 million. In November 2024 the Austrian marque entered self-administration and it was revealed the manufacturer’s debts were at €1.8 billion. In its attempts to prolong its survival, KTM opted to scale back its workforce, temporarily freeze bike […]
In November 2024, KTM entered self-administration with €1.8 billion in debts, leading to workforce reductions and a temporary freeze on bike production until February. The GasGas and Husqvarna brands were also removed from the MotoGP paddock as part of the restructuring efforts. External parties have shown interest in helping KTM pay off its debts, while the MotoGP project is set to continue in 2025 with all four factory riders. New additions to the team are Enea Bastianini and Maverick Vinales, along with Pedro Acosta and Brad Binder as partners for the upcoming season. KTM unveiled its 2025 liveries on January 30, and plans to discuss its restructuring at a creditor meeting on February 25. Despite challenges, KTM has already secured a victory at the 2025 Dakar Rally, showcasing its commitment to motorsport. The fate of Stefan Pierer as CEO and majority owner remains uncertain during the restructuring phase, contingent on the company’s ability to generate profits quickly.
