KTM’s financial troubles are much worse than many suspected. The company has entered self-administration to undergo a restructuring process in an attempt to stave off bankruptcy. Is a total collapse of one of the world’s leading motorcycle manufacturers near?
It was only a week ago that I covered the financial insecurities surrounding KTM and its parent company Perier Mobility but things have already deteriorated further as KTM takes drastic measures to stay afloat.
Back in October, KTM’s board of directors was cut from six to two members, hundreds of employees were laid off and a planned production halt was announced at KTM’s Mattighofen plant in Austria. As the brand’s money problems are laid bare, its liabilities are though…
