P1racenews AI automatic summary:
Bike manufacturer KTM has avoided bankruptcy after its restructuring plans were greenlit by creditors, suggesting the immediate future of its MotoGP programme is secure
KTM, the bike manufacturer, has avoided bankruptcy by getting approval from creditors for its restructuring plans, securing the future of its MotoGP programme. The fate of the company was depending on a crucial vote at the regional court in Austria’s Ried im Innkreis. The restructuring plan has been accepted, a relief for KTM, Austria, and the motorcycle racing world. Despite the financial challenges, KTM aims to continue in MotoGP under new regulations from 2027. KTM will now need to pay off creditors and resume production, with aid from investors like Bajaj Auto and potentially BMW. BMW’s involvement in motorsports may strengthen their ties with KTM and possibly lead to a MotoGP entry.
