Rennie Scaysbrook | December 3, 2024
November 2024 will go down as one of the darkest periods ever for KTM, the Austrian motorcycle giant entering a self-administration debt restructuring plan with the Austrian Ried Regional Court on November 29 with reported liabilities of a staggering €2.9 billion ($3.03 billion).
Self-administration is a European market measure that allows for a 90-day effort to reorganize and secure financing to continue operations before a company falls into insolvency.
KTM AG reports €2.7 billion in liabilities with approximately 1600 creditors and 2380 employees affected. KTM Forschungs & Entwicklungs GmbH and KTM Components GmbH, on the other hand, assumes liabilities of around €105 million ($110…
