The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company’s financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
KTM AG, based in Mattighofen in the Innviertel region, is facing major financial difficulties. / Picture: © Wikimedia Commons; KTM AG, CC BY-SA 4.0 DEED…
